Flood Alert! Revised Interagency Q&As

The Agencies have issued final interagency questions and answers regarding flood insurance.  This webinar will address the expanded and revised Q&As and their reorganization to assist in complying with the Flood Disaster Protection Act.  It is important to update policies and procedures in accordance with this guidance, including the major amendments to escrow of flood insurance premiums, the detached structure exemption, force-placement procedures, and acceptance of flood insurance policies issued by private insurers.  Understanding and implementing this guidance is critical to meeting the mandatory flood insurance requirements on designated consumer or commercial loans!

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