Flood Disaster Protection Act


Provides an overview of the requirements enacted by Congress and the mandated flood insurance requirements for all federally backed mortgages, and mortgages and loans obtained through federally insured and regulated financial institutions. Explains the coverage requirements and exemptions, and the disclosures required in these transactions.​  ​

Updated: Oct. 2017

Learning Objectives

After completing this course, students will be able to:

  • Describe the circumstances and properties that require a flood determination
  • Explain the types of loans subject to the mandatory requirement to purchase flood insurance
  • Describe the minimum flood insurance purchase amounts
  • Describe the process for notifying borrowers who have properties in a special flood hazard area
  • Describe what constitutes sufficient proof of flood insurance and when it must be provided to the bank

Audience

Frontline employees involved in the lending process, including mortgage, consumer and small business lenders, loan processors and loan servicing.

​Course Credits

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​Questions? Please contact training@aba.com for more information.
 

 Benefits of Self-Paced Training

 
  • Ultimate flexibility
  • Quizzes to support learning
  • Mobile format available
 

 Frontline Compliance

 
This course is available to ABA Member banks at no cost under a license agreement. Learn more
 

 Registration & Pricing

 

Individual Purchase
ABA Member • $55
Non-Member • $75

 

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