Land Use & Zoning
A property in Oregon is located in a FEMA Special Flood Hazard Area (Zone AE). If a buyer uses a federally backed mortgage to purchase this property, the lender will require:
AAn environmental impact assessment
BFlood insurance as a condition of the loan✓ Correct
CA variance from local zoning for flood zone properties
DThe seller to elevate the structure above base flood elevation
Explanation
Under the National Flood Insurance Program (NFIP), properties in FEMA Special Flood Hazard Areas (Zone AE, Zone A, etc.) that are purchased with federally backed mortgages must maintain flood insurance as a condition of the loan.
Related Oregon Land Use & Zoning Questions
- What does 'form-based code' zoning mean in the context of Oregon urban planning?
- Oregon's Statewide Planning Goal 8 (Recreational Needs) requires local governments to:
- Oregon's Statewide Planning Goal 3 specifically protects which type of land use?
- What does Oregon's Statewide Planning Goal 14 — Urbanization — primarily require?
- Under Oregon land use law, a 'non-conforming use' is best described as:
- Which Oregon Statewide Planning Goal specifically protects estuaries, beaches, and coastal shorelands?
- In Oregon, what does it mean for a local comprehensive plan to be 'acknowledged' by LCDC?
- What is 'Oregon's Goal 6 — Air, Water, and Land Resources Quality' primarily designed to protect?
Practice More Oregon Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oregon Quiz →