Flood Insurance
Avoid Noncompliance Fines.
In 2022, banks paid $337,650 in penalties for flood insurance compliance violations. Are you next?
Compliance Requirements
What You Need to Be Compliant
Coverage
Property Determination
Determination Fees
Notice Requirements
Insurance Requirements
Escrow Requirements
Force Placement Requirements
Notice to FEMA Administrator
Find your Compliance Gaps
This bank was fined $3.6M by the OCC over flood violations
We Can Help
Get your Flood Insurance Program on track in three easy steps:
1) Assess your flood insurance plan
2) Identify compliance gaps
3) Remediate to avoid risk and penalities
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“Regulators are tightening the screws on lenders and their compliance to flood insurance regulations. You’re much better off to self-identify your compliance issues and start remediating before regulators come knocking on your door for a compliance audit.”
-Robert Simpson, Partner & Default Expert at Newbold Advisors
Let’s get started.
Contact Robert Simpson
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