Wading Through the Flood of Information: An Introduction to Flood Insurance for Originations

Written by Janice Ringler, NCCO, NCBSO, Regulatory Compliance Counsel, NAFCU

With hurricane season in full force, flood insurance is on the mind of many credit unions. As understanding flood insurance requirements is essential for a credit union to properly protect its security interests, a refresher is in order. This article aims to provide credit unions with a foundation of the basics of flood insurance requirements for originations and answers some frequently asked questions.

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