Flood Disaster Protection Act Policy - $175.00

Table of Contents

Purpose and Contents - Topic 1
Policy Statement - Topic 2
Definitions - Topic 3
Eligible and Ineligible Structures for Flood Insurance Under the NFIP - Topic 4
Flood Insurance Requirements - Topic 5
Table Funded Loans - Topic 6
Exemptions to the Purchase Requirement - Topic 7
Amount of Flood Insurance Requirement - Topic 8
Waiting Period - Topic 9
Second Mortgages and Home Equity Loans - Topic 10
Condominium Policies - Topic 11
Other Special Situations - Topic 12
Escrow Requirements - Topic 13
Standard Flood Hazard Determination Form - Topic 14
Reliance on Prior Determination - Topic 15
Force Placement Requirements - Topic 16
Determination of Fees - Topic 17
Regulation Z Applicability - Topic 18
Notice of Special Flood Hazards/Availability of Federal Disaster Relief - Topic 19
Notice to Servicer - Topic 20
Notice of the Administrator of FEMA - Topic 21
Notice of Option to Escrow - Topic 22
Penalties and Liabilities - Topic 23
Audit Policy - Topic 24
Staff Training - Topic 25
Retention of Documentation - Topic 26

Includes the following form templates:

Notice of Special Flood Hazards and Availability of Federal Disaster Relief Assistance (2 Pages)
Sample Clause for Option to Escrow Outstanding Loans (1 Page)

The purpose of this policy is address flood hazard insurance requirements issued under the National Flood Insurance Program (NFIP), which is administered primarily under the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act (FDPA) of 1973, National Flood Insurance Reform Act of 1994, Biggert-Waters Flood Insurance Reform Act of 2012, Homeowner Flood Insurance Affordability Act of 2014, and the Joint Release entitled "Agencies Issue Flood Insurance Rule" of a financial institution to ensure loans are protected against flood hazards.  This policy template (approximately 16 pages) is available to purchase from BankPolicies.com in Microsoft® Word format for $175.00.

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