Just in case you missed it, the existing Standard Flood Hazard Determination Form (FEMA form 086-0-32) expired on May 30, 2015. Until a new form becomes available, bank’s can continue to use the existing form or the prior version of the form (FEMA form 81-93); whichever you are currently using. Once a new SFHDF is available, we will be sure to up date you.
One question we always get when FEMA issues a new SFHDF is “Can we rely on a previous SFHDF if the form has expired?” The answer depends on whether the following three conditions are met. First, the previous determination must be less than seven years old. Second, there must be no map revisions or updates affecting the property since the previous determination. Finally, the previous determination must be completed on a SFHDF. This final condition only requires that the determination be on a SFHDF (not necessarily the most recent version). Thus, an expired SFHDF is okay.
So don’t despair, the expiration of the existing SFHDF will not (in most cases) jeopardize your ability to rely on a previous SFHDF.