Flood Hazard Insurance Policy - $100.00

Table of Contents

Purpose and Contents - Topic 1
Policy Statement - Topic 2
Definitions - Topic 3
Requirement to Purchase Flood Insurance Where Available - Topic 4
Exemptions - Topic 5
Escrow Requirement - Topic 6
Required Use of Standard Flood Hazard Determination Form - Topic 7
Force Placement of Flood Insurance - Topic 8
Determination of Fees - Topic 9
Notice of Special Flood Hazards/Availability of Federal Disaster Relief - Topic 10
Notice of Servicer's Identity - Topic 11
Audit Policy - Topic 12
Staff Training - Topic 13
Retention of Documentation - Topic 14

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 Joint Release entitled "Agencies Issue Flood Insurance Rule" of a financial institution to ensure loans are protected against flood hazards.  This policy template (approximately 9 pages) is available to purchase from BankPolicies.com in Microsoft® Word format for $100.00.

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