On July 9, 2020, FEMA announced a Major Disaster Declaration pertaining to an earthquake and aftershocks in Utah, with an Incident Period End Date of April 17, 2020.
FEMA Declared Disaster in Utah
On July 9, 2020, FEMA announced a Major Disaster Declaration pertaining to an earthquake and aftershocks in Utah, with an Incident Period End Date of April 17, 2020.
As of today, two (2) counties have been identified and designated for Individual Assistance from FEMA. The currently declared counties are:
- Davis
- Salt Lake
If the effective date of the appraisal or appraisal alternative was on or prior to the April 17, 2020 Incident End Date, an inspection is required in accordance with the FEMA Declared Disaster Policies and Procedures and product profiles prior to closing or funding of the loan.
As with all disasters, the affected areas are not definitively confirmed until FEMA formally designates such areas, which occurs following the completion of the incident and an assessment of the damage. As a result, we will continue to monitor FEMA announcements for impacted areas in order to update any additional impacted counties.
A condition requiring a property inspection will be added to identified loans.
Please reference the FEMA Declared Disaster Policies and Procedures and product profiles for full details.