source:
  type: regulation
  id: hud-ml-2024-20
  authority: HUD Mortgagee Letter 2024-20
  description: 'HUD Mortgagee Letter 2024-20. See obligation entries for operative

    requirements and verbatim primary-source citations.

    '
obligations:
- id: hud-ml-2024-20-new-construction-sfha-eligibility
  canonical_id: hud-ml-2024-20-new-construction-sfha-eligibility
  section: "HUD ML 2024-20 — Eligibility for New Construction in SFHAs (II.A.1.b.iv(A)(1)(b))"
  description: 'For FHA-insured New Construction Site Built Housing where any portion of

    the dwelling and related Structures or equipment essential to the

    Property Value is located in an SFHA, [LENDER] must ensure the Property

    is ineligible for FHA mortgage insurance unless [LENDER] either (a)

    obtains a FEMA-issued final LOMA or LOMR removing the Property from the

    SFHA, or (b) obtains a FEMA NFIP Elevation Certificate (FEMA Form

    FF-206-FY-22-152) documenting the lowest floor''s elevation under the

    applicable standard (100-year flood elevation for building permits

    before January 1, 2025; at least two feet above BFE for building permits

    on or after January 1, 2025).

    '
  type: do
  audit_question: For every FHA-insured New Construction Site Built loan with any portion of the dwelling or related Structures located in an SFHA, can [LENDER] evidence either (a) a FEMA-issued final LOMA/LOMR removing the Property from the SFHA, or (b) a FEMA NFIP Elevation Certificate documenting the lowest floor's elevation under the standard applicable to the building permit submission date (100-year flood elevation pre-1/1/2025 or BFE+2ft on/after 1/1/2025)?
  workflow_phase: underwriting
  owner_role: compliance_officer
  secondary_owner_role: default_servicing_analyst
  cadence: per-loan
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - hud-ml
  - fha
  - underwriting
  - flood-hazard
  - sfha
  - ffrms
  - new-construction
  - promoted
  primary_source:
    tier: 1
    authority: "HUD ML 2024-20 — II.A.1.b.iv(A)(1)(b)"
    source_class: hud-ml-pdf
    source_url: https://www.hud.gov/sites/dfiles/OCHCO/documents/2024-20hsgml.pdf
    snapshot_id: 6179d83f7133a5ce
    fetched_at: '2026-05-22T19:54:53Z'
    content_hash: sha256:489e7e95daf94f137e1c87e02f9c52cf279b70f36f48ba5f5f908a138656d798
    paragraph_quote: "If any portion of the dwelling and related Structures or equipment essential \nto the Property Value is located in an SFHA, the Property is not eligible for \nFHA mortgage insurance, unless the Mortgagee:"
    drafter_attestation: 'Copied verbatim from snapshot 6179d83f7133a5ce (content.txt) at

      2026-05-22T20:18Z. Substring is the SFHA-ineligibility-unless headline

      of New Construction Site Built Housing eligibility section, with the

      LOMA/LOMR vs. Elevation Certificate sub-options paraphrased in

      description.

      '
  promoted_at: '2026-05-22T20:17:34+00:00'
  promoted_from: hud-ml-2024-20-roundb-v1.yaml
  program_review: Does the program account for the New-Construction-in-SFHA ineligibility condition — requiring either a FEMA final LOMA/LOMR removing the Property from the SFHA, or a FEMA NFIP Elevation Certificate meeting the standard for the building-permit date (100-year flood elevation pre-1/1/2025; BFE+2ft on/after 1/1/2025)?
  file_review: Spot-check New-Construction-Site-Built files with any portion in an SFHA; confirm either a LOMA/LOMR or a conforming Elevation Certificate under the date-applicable standard.
  judgment: false
  feeds:
  - hud-ml-2024-20-flood-insurance-sfha
- id: hud-ml-2024-20-flood-insurance-sfha
  canonical_id: hud-ml-2024-20-flood-insurance-sfha
  section: "HUD ML 2024-20 — Flood Insurance Required When Property Remains in SFHA"
  description: 'Where [LENDER] obtains a FEMA NFIP Elevation Certificate (FEMA Form

    FF-206-FY-22-152) that documents the Property remains located within

    an SFHA, [LENDER] must ensure that Flood Insurance is obtained for the

    Property.

    '
  type: do
  audit_question: For every FHA-insured loan where the FEMA NFIP Elevation Certificate documents that the Property remains within an SFHA, can [LENDER] evidence Flood Insurance coverage in force at closing and through endorsement?
  workflow_phase: underwriting
  owner_role: compliance_officer
  secondary_owner_role: default_servicing_analyst
  cadence: per-loan
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - hud-ml
  - fha
  - underwriting
  - flood-insurance
  - sfha
  - promoted
  primary_source:
    tier: 1
    authority: "HUD ML 2024-20 — Flood Insurance Requirement"
    source_class: hud-ml-pdf
    source_url: https://www.hud.gov/sites/dfiles/OCHCO/documents/2024-20hsgml.pdf
    snapshot_id: 6179d83f7133a5ce
    fetched_at: '2026-05-22T19:54:53Z'
    content_hash: sha256:489e7e95daf94f137e1c87e02f9c52cf279b70f36f48ba5f5f908a138656d798
    paragraph_quote: "The Mortgagee must ensure that Flood Insurance is obtained when a FEMA \nNFIP Elevation Certificate (FEMA Form FF-206-FY-22-152) documents \nthat the Property remains located within an SFHA."
    drafter_attestation: 'Copied verbatim from snapshot 6179d83f7133a5ce (content.txt) at

      2026-05-22T20:18Z. Substring is the Flood Insurance Required standard

      reiterated by ML 2024-20.

      '
  promoted_at: '2026-05-22T20:17:34+00:00'
  promoted_from: hud-ml-2024-20-roundb-v1.yaml
  program_review: Do the P&Ps ensure Flood Insurance is obtained when a FEMA NFIP Elevation Certificate documents the Property remains within an SFHA?
  file_review: Spot-check files where the Elevation Certificate shows the Property remains in an SFHA; confirm Flood Insurance in force at closing and through endorsement.
  judgment: false
_promotion_history:
- promoted_at: '2026-05-22T20:17:34+00:00'
  candidate_path: obligations\_remediation\_round_b_drafts\hud-ml-2024-20-roundb-v1.yaml
  candidates_promoted: 2
  candidates_skipped_existing: 0
