Finance
Vermont properties located in federally designated flood zones are typically required to carry flood insurance as a condition of:
AObtaining an Act 250 permit
BAny federally backed mortgage loan (FHA, VA, conventional with federal backing)✓ Correct
CVermont's mandatory insurance statute
DThe Vermont Property Transfer Tax exemption
Explanation
Federal law requires that properties in FEMA-designated Special Flood Hazard Areas (SFHA) must carry flood insurance as a condition for receiving any federally backed mortgage loan. This requirement applies to FHA, VA, and most conventional mortgages sold on the secondary market.
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