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Community Bankers for Compliance Program The Flood Rules Keeping the issue of Food insurance on your bank star radar. April 29, 2014, Wausau, WI April 30, 2014, Madison, WI Presented By: Sponsored
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What is form flood rules?
Form flood rules are regulations set forth by the Federal Emergency Management Agency (FEMA) that require certain financial institutions to assess and mitigate the risk of flooding on properties they finance.
Who is required to file form flood rules?
Financial institutions, such as banks, credit unions, and lenders, are required to file form flood rules.
How to fill out form flood rules?
Form flood rules can be filled out by providing information about the property being financed, assessing the risk of flooding, and implementing mitigation measures if necessary.
What is the purpose of form flood rules?
The purpose of form flood rules is to ensure that financial institutions are aware of and take steps to address the risk of flooding on properties they finance.
What information must be reported on form flood rules?
Information such as the property address, flood zone designation, appraisal value, and details of flood insurance coverage must be reported on form flood rules.
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