DATE: April 2003
NO.: 03-RA-05
TO: All Credit Unions
SUBJ: Standard Flood Hazard Determination Form
ENCL: FEMA Standard Flood Hazard Determination Form
The Federal Emergency Management Agency (FEMA) has released a revised Standard Flood Hazard Determination Form, FEMA Form 81-93, OCT 02, which replaces FEMA Form 81-93, OCT 98. The form is used for determining whether real property offered as collateral on a loan is located in a special flood hazard area.
Notification was published on FEMA’s website on November 11, 2002. The effective date of the form was October 2002, but FEMA’s notice provided a reasonable implementation period, until February 28, 2003, for the industry to make changes in their automated systems. Use of the revised form became mandatory on March 1, 2003.
A copy of the form with instructions is attached. The form and instructions may be reproduced and are also available from the following sources:
FEMA Web Site http://www.fema.gov/nfip/sfhdform.htm
FEMA Warehouse 1-800-480-2520 (camera-ready copies)
If you have any questions, please contact FEMA or your regional office.
Sincerely,
/S/
Dennis Dollar
Chairman