Flood Disaster Protection Act: Sufficient Coverage

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This online course explains how banks must ensure borrowers with property in a Standard Flood Hazard Area have the right amount of flood insurance before making, increasing, extend ing, or renewing a loan secured by that property. Employees will learn the bank’s responsibilities for verifying sufficient coverage and when force placement of insurance is required. This training is designed for residential mortgage lenders, support staff, compliance, and operations teams who monitor flood insurance requirements. Show more