Section 57.05 - Format of Notice about Flood Insurance Coverage(1)Clear and Conspicuous Standard. You must make the Notice about Flood Insurance Coverage clearly and conspicuously.(2)Contents of the Notice. You must include the following in the Notice about Flood Insurance Coverage: (a) the name of the borrower(s);(b) the address of the residential property to be insured;(c) your name and address as the provider of the notice;(d) a statement on the limitations on required flood insurance coverage as set forth in M.G.L. c. 183, § 69; and(e) a section for the signature of the borrower to acknowledge receipt of the Notice about Flood Insurance Coverage; provided, however, you are not required to obtain such signature from the borrower when you are providing the notice prior to the forced placement of flood insurance pursuant to 209 CMR 57.04(5).(3)Form of Notice. If you require in a mortgage, note, or otherwise, that a purchaser or owner of a residential property purchase or pay for flood insurance on the property, you must provide a Notice about Flood Insurance Coverage to the purchaser or owner of the property which strictly conforms to the following: Click to view image
Adopted by Mass Register Issue 1295, eff. 9/11/2015.