"Notice of Special Flood Hazards Availability of Federal Disaster Relief Assistance" is a American Lawyer Media form. This form servesnotice to special hazards availability of Federal Disaster Relief Assistance.
Indiana Notice of Special Flood Hazards Availability of Federal Disaster Relief Assistance
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FAQ
Indiana Flood Control Act (IC 14-28-1) The Natural Resources Commission (Commission) has been given primary authority concerning flood control activities in the state. The Act provides that it is illegal to construct a permanent abode or place of residence in a floodway.
MIRE Event means, any increase, extension or renewal of any of the Loans (excluding (i) any continuation or conversion of Loans or (ii) the making of any Loan). MIRE Event Definition | Law Insider Law Insider ? dictionary ? mire-event Law Insider ? dictionary ? mire-event
Zone AE and A1 ? A30: Areas subject to inundation by the one percent annual chance flood event determined by detailed methods. Base flood elevations are shown within these zones. Mandatory flood insurance purchase requirements apply.
A good way to figure that out is on a FEMA flood map. The map shows each community's risk of flooding, including specific flood zones and their boundaries. Simply enter your address on the flood map to pull up a record of your area.
MIRE Event means at any time, if there are any Mortgaged Properties at such time, any increase, extension of the maturity or renewal of any of the Commitments or Loans (excluding for the avoidance of doubt (a) any continuation or conversion of borrowings or (b) the making of any Loan). MIRE Event Definition | Law Insider lawinsider.com ? clause ? mire-event lawinsider.com ? clause ? mire-event
Any time a lender makes, increases, renews, or extends (MIRE) a loan secured by a structure, the lender must obtain a flood determination so that it knows whether or not the structure is located in a high-risk flood zone requiring flood insurance.
Objectives of the FDPA: Provide flood insurance to owners of improved real estate located in SFHAs of communities participating in the NFIP. Require communities to enact measures designed to reduce or avoid future flood losses as a condition for making federally subsidized flood insurance available. Flood Disaster Protection Act, Interagency Examination Procedures occ.gov ? comptrollers-handbook ? files ? p... occ.gov ? comptrollers-handbook ? files ? p...
Answer: It depends. Section 528 of the Act, 42 U.S.C. 4104b(e), permits a lender to rely on a previous flood determination using the SFHDF when it is increasing, extending, renewing, or purchasing a loan secured by a building or a mobile home. Reusing a Flood Determination - Compliance Cohort Compliance Cohort ? blog ? reusing-a... Compliance Cohort ? blog ? reusing-a...