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DEPARTMENT OF HOMELAND SECURITY Federal Emergency Management AgencySTANDARD FLOOD HAZARD DETERMINATION FORM (SF HDF)OMB Control No. 16600040 Expires: 10/31/18SECTION I LOAN INFORMATION2. DESCRIPTION

How to fill out standard flood hazard determination

How to fill out standard flood hazard determination

1. Obtain the Flood Hazard Determination Form.
2. Start by entering the address of the property in the designated field.
3. Check the appropriate box to indicate whether the property is located in a Special Flood Hazard Area (SFHA) or not.
4. If the property is located in a SFHA, provide the Flood Insurance Rate Map (FIRM) panel number and community number.
5. Indicate if the property has been elevated or floodproofed.
6. Complete all other sections of the form as required, providing accurate information about the property.
7. Review the completed form for any errors or omissions.
8. Sign and date the form.
9. Submit the form to the appropriate authorities for further processing and evaluation.

Who needs standard flood hazard determination?

1. Anyone who wants to determine whether a property is located in a Special Flood Hazard Area and assess the risk of flooding.
2. Real estate agents, insurance companies, lenders, and individuals involved in the property buying or lending process.
3. Property owners who need to obtain flood insurance or comply with floodplain management regulations.

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What is standard flood hazard determination?

Standard flood hazard determination is a process used to assess whether a property is located in a flood zone as defined by the National Flood Insurance Program (NFIP).

Who is required to file standard flood hazard determination?

Lenders and financial institutions are required to file standard flood hazard determinations when they are making loans that involve properties in flood-prone areas.

How to fill out standard flood hazard determination?

To fill out a standard flood hazard determination, lenders must complete the designated form provided by the NFIP, including information about the property address and use appropriate resources to determine the flood zone status.

What is the purpose of standard flood hazard determination?

The purpose of standard flood hazard determination is to inform lenders and borrowers about the flood risk of a property, thereby ensuring that appropriate flood insurance is obtained if necessary.

What information must be reported on standard flood hazard determination?

The standard flood hazard determination must report the property address, flood zone designation, map date, and whether flood insurance is required for the property.