1. Flood KNOWLEDGE. CLARITY. RELIABILITY. www.compliancealliance.com
(888)

2. Agenda Scope Determination Minimum Amount of Flood Insurance
Force Placement
NFIP Reauthorization
Record Retention
Enforcement

3. Scope
Buildings
Mobile homes
SFHA
MIRE Events

4. Detached structures
Residential Property
Not a Residence

5. Determination
SFHD
Reuse
Disputes
Discrepancies

6. Notices SFHA Notice Servicer Identity 10 days Insurance agent
Acknowledged
10 days
Insurance agent

7. Minimum Amount of Insurance
Principal Loan Balance
NFIP Maximum
Insurable Value

8. Contents Coverage
ACV
$100k
$500k

9. Condominiums
RCBAP
$250k x units
$500k building

10. Forced-Place Insurance
Upon knowledge
45 day notice
Charge Day 1
Cancellation

11. Escrow Consumer Purpose Exemption Residential property MIRE Events
Business purpose
Subordinate liens
HOA/RCBAP
HELOCS
Non-Performing
12 months or less

12. NFIP REauthorization 8 or 9 times Bank Plan Private Policies
Safety and Soundness

13. Private Flood Insurance
7/1/2019
Written Assurances
Flood Criteria
Bank Discretion
Mutual Aid Societies

14. Records & Enforcement
Life of Loan
$2k per violation
No cap

15. Scenarios
Pgs. 6-10