AC-22 Closings and Fundings Resumed due to Idalia
Hurricane Idalia Disaster Areas
Loan closings and fundings may resume in Florida. All loans that have not been closed/funded must follow the requirements below for Insurance and Disaster Inspections.
Insurance Requirements
Proof of Homeowner’s Insurance and Flood Insurance (if applicable) remains unchanged and proper evidence of coverage must be provided in areas under a declared state of emergency.
Important: Applications for insurance are NOT acceptable as proof of insurance, refer to FLC Bank’s Hazard and Flood Insurance Policy posted in the Resource Center under the Closing Tab.
Disaster Inspection Procedures
Customers must follow FLCBank’s Disaster Inspection Procedures posted in the Resource Center, especially in relation to loans without an appraisal i.e. FHA Streamline Refinances, VA IRRRLs and Conventional Loans with Appraisal Waivers.