Flood Disaster Protection Act Policy Update

Product Update Notification - 07/10/07

Bankpolicies.com is proud to announce the immediate availability of our revised Flood Disaster Protection Act Policy Template product.

Notable changes to the product include expanded coverage in the following areas:

1. New "Definitions" topic.

2. Expanded guidance regarding notification requirements including the following subtopics:

General

Notice of Servicer's Identity

Guidelines for Extending and Administering Loans in Special Flood Hazard Areas

Bank Policy and Procedures

3. Expanded guidance to the "Escrow Accounts" topic.

4. New Determination Fees topic.

5. New Secondary and Audit Review topic.

Click here to review detailed subject matter regarding this updated product.

Product Contents

Purpose and Contents - Topic 1
Policy Statement - Topic 2

Definitions - Topic 3

Flood Disaster Protection Act Background - Topic 4

NFIP Coverage - Topic 5

Flood Insurance Determination and Records - Topic 6

Notification Requirements and Written Acknowledgement - Topic 7

Amount of Flood Insurance - Topic 8

Escrow Accounts - Topic 9

Determination Fees - Topic 10

Penalties and Liabilities - Topic 11

Staff Training - Topic 12

Secondary and Audit Review - Topic 13

Includes the following form templates:

Flood Insurance Notification - 1 page
Flood Insurance Renewal Notice - 1 page
Flood Notice of Special Hazards - 1 page
Flood Remapping Customer Notice - 1 page

Ordering Information

This revised product is available to purchase from Bankpolicies.com for:

$125.00 - List Price

- or -

$50.00* - Update Price

*Applies only to clients who have purchased our Flood Disaster Protection Act Policy Template within the last three years.

If you have ordered this product after 06/10/07 you are eligible to receive the updated product at no charge.

Click here to place an order for this product. Clients who are eligible for our Legacy Rewards Volume Discount can apply their applicable discount level to the list or update price (whichever applies).

NOTE: Refer to our Place an Order page for important information regarding payment terms and our return policy. Orders placed for Product Updates are only available directly through Bankpolicies.com.

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