Hazards
and Nuisances: Flood Zones and Insurance Page 1-18c
General
Requirements can be found in: Mortgagee
Letter 90-16 (existing properties over 1 year old), HUD
Handbook 4150.1, REV-1, Section 4-23, HUD
Handbook 4150.2 Section 2-2 and Mortgagee
Letter 99-34 for new construction (not applicable to condominium
projects).
Appraisers are required to verify whether the subject property
is located in a designated flood zone and indicate the designation
on the appraisal form.
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