Flood Disaster Protection Act Policy
This policy covers flood requirements for real estate lending. This policy has been updated to address consistent language throughout for the position of FEMA Administrator and to remove the allowance to accept as proof of insurance certificates or evidence of flood insurance for renewal policies if the following are included: policy form/type, policy term, policy number, insured’s name and mailing address, property location, current flood risk zone, rated flood risk zone, grandfathered (Y/N), mortgagee name and address, coverage limits, deductibles and annual premium (RCBAP should include the number of units and RCV of the building).
Members Can Download This Tool
Login to Download
Not Yet a Member?
Our members enjoy:
On-demand regulatory guidance hotline – by chat, phone and email – available from anywhere, on any device – 7 am - 6 pm, M-F, Central time
Research time saved daily & weekly across forms, checklists, and trainings — for every regulation
Hours of form-building and branding of bank documents saved; in some cases, even the budget of additional staff
A sounding board for support and reassessment when institutional goals or the regulatory environment changes
Access to attorneys and compliance specialists for risk modelling and decision-making in advance of large business decisions
The knowledge that C/A was created and owned by 30 State Bankers Association to provide bank compliance services to their membership organizations
Find out how a personalized team of attorneys and compliance professionals helps build targeted compliance strategies throughout your institution when you take our Live Membership Demo.