Flood Insurance Requirements for Banks: Are You Following the Updated Guidelines?
Anders CPA
MAY 31, 2023
To comply with flood insurance regulations, banks and other financial institutions should familiarize themselves with the expanded FAQs that were released in May 2022. The latest guidelines replace the previous FAQs that were originally issued in 1997 and aim to add more clarity for lenders surrounding several issues that have evolved over the years.
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