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FLOOD FACTS A newsletter for agents of American Bankers Insurance Company of Florida / American Reliable Insurance Company. January 2008 Claims Information American Bankers Insurance Company of Florida
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To fill out flood facts for January 2008, you will need to gather relevant information about the flooding that occurred during that time period. This may include data such as the dates of the floods, the affected areas, the extent of the damage, and any other significant details.
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Flood facts January is a mandatory report that financial institutions are required to file with the Federal Emergency Management Agency (FEMA) regarding any loans secured by real estate located in a special flood hazard area.
All regulated lenders or financial institutions that make, increase, renew, or extend loans secured by real estate located in a special flood hazard area are required to file flood facts January.
The flood facts January form can be filled out electronically or on paper, and must include information about the property, insurance coverage, and any flood zone determinations.
The purpose of flood facts January is to ensure that lenders and financial institutions are in compliance with the flood insurance requirements outlined in the National Flood Insurance Act.
Information such as the borrower's name, property address, loan amount, flood zone determination, and insurance coverage details must be reported on flood facts January.
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