Finance
In Oklahoma, a lender who makes a mortgage loan in a flood zone must require the borrower to obtain:
AEarthquake insurance
BFlood insurance through the NFIP or a private flood insurer✓ Correct
CTitle insurance covering flood damage
DHazard insurance with a flood rider
Explanation
Federal law (Flood Disaster Protection Act) requires lenders making federally regulated loans on properties in special flood hazard areas (SFHAs) to require the borrower to obtain flood insurance through NFIP or a private insurer.
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