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As of November 20, 2013, this guidance applies to federal savings associations in addition to national banks.* CCE-FDPA Comptroller of the Currency Administrator of National Banks Flood Disaster Protection
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What is flood disaster protection?
Flood disaster protection refers to measures and strategies put in place to mitigate the impact of flooding on communities, infrastructure, and the environment.
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Property owners in flood-prone areas, businesses located in flood zones, and communities at risk of flooding are typically required to file flood disaster protection.
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Filling out flood disaster protection usually involves providing information on flood risk assessment, emergency response plans, flood protection measures, and insurance coverage.
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The purpose of flood disaster protection is to minimize the damage caused by floods, protect lives and property, and ensure communities are prepared for and can recover from flood events.
What information must be reported on flood disaster protection?
Information that may need to be reported on flood disaster protection includes flood risk assessments, emergency evacuation plans, flood protection measures, and insurance coverage details.
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