Flood Disaster Protection Act: Applicability and Notifications

This online course, Flood Disaster Protection Act: Applicability and Notifications, will discuss how a bank determines if flood insurance is required on a secured property and the notice that must be sent to the borrower. Banks must take certain steps to find out if a property securing a loan is in a flood zone, determine which structures require insurance if there is more than one, and send a notification to the borrower that insurance is required.