Refinancing a Flood Loan

If you are going to refinance, renew or modify a loan, there are a number of different regulations that can come into play. One of those is the Flood Insurance Act. It states that if you make, increase, renew or extend (MIRE) a loan secured by improved property located in a Special Flood Hazard Area, you must comply with the flood insurance requirements. This could include doing a flood determination, providing the flood notice, determining the appropriate amount of coverage, etc.

Kevin explains more in the video.


Flood Insurance Resources!Published
2025/08/26

Kevin Edwards

Kevin brings years of experience and a unique perspective on regulatory matters to our clients. A self-proclaimed geek and accredited CRCM, Kevin is also a recovering attorney with experience as in-house counsel for a large regional bank and one of the leading national title insurance providers. For reasons unknown, Kevin decided to leave the safety and serenity of his desk job to seek fortune and glory as a wandering adventurer. Like a bank compliance version of Kwai Chang Caine, The Man with No Name or Don Quixote, he now travels the land seeking to help those in need and righting compliance wrongs, wherever he may find them. Kevin lives in Sioux Falls with his two children, who are surprisingly normal after having endured their father’s vivid imagination for their entire lives. He won’t admit to having any hobbies, because apparently “Regulations never sleep.” (While he does say this in his Batman voice, we’re pretty sure he’s joking.) From the looks of his Facebook page, he likes the outdoors and spending time with his large extended family (who seem like relatively normal people).

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