Cancellation Qualifying Reasons/RC 28: Revision history

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26 March 2025

13 February 2025

12 February 2025

  • curprev 12:0512:05, 12 February 2025WikiAdmin talk contribs 2,854 bytes +2,854 Created page with "=== Reason Code 28: Insurance No Longer Required by Lender === This reason code applies when a policyholder was originally required to maintain flood insurance by a lender, but the lender no longer requires coverage due to a loan payoff, map revision, or other circumstances. {| class="wikitable" !'''Condition''' !'''Details''' |- |'''Eligibility for Cancellation''' |A policy may be canceled if the lender no longer requires flood insurance, such as when the mortgage is..."