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The Flood Disaster Protection Act

The Flood Disaster Protection Act (FDPA) seeks to reduce the risk inherent in extending loans secured by property in flood zones by mandating certain rules for lenders. This Flood Disaster Protection Act online training course discusses the FDPA and the steps your bank needs to take to make sure policies and procedures are FDPA compliant.
SKU: P2571EN
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The Federal government enacted the National Flood Insurance Act of 1968 (NFIA) and the Flood Disaster Protection Act of 1973 (FDPA) because of the increased risk associated with loans secured by property in flood zones. The FDPA states that a bank cannot make, increase, extend, or renew any designated loan unless the building or mobile home and any personal property securing the loan is covered by flood insurance for the term of the loan. In addition, a bank that acquires a loan from a mortgage broker or other entity through table funding must be considered to be making a loan for the purposes of this requirement.

This Flood Disaster Protection Act Training online training course will provide compliance officers with the information they need to ensure lending policies at their bank are compliant with the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973.

Course Learning Objectives

By taking this online Flood Disaster Protection Act course, the user will learn to:

  • Ensure proper policies and procedures concerning lending in flood zones are in place at your bank
  • Understand the determination fee requirements of the FDPA
  • Ensure your bank is distributing to customers the disclosures and notices required under the FDPA

Course Outline

This online Flood Disaster Protection Act course is made up of the following sections:

  1. Policies and Procedures
  2. Fees
  3. Disclosures and notices
  4. Flood Maps

Course Audience

This Flood Disaster Protection Act online training course was designed for bank employees.

If you have any concerns as to whether this course is appropriate for you or your industry, please browse our full selection of online courses.

Products specifications
Course LanguageEnglish
Length Range31 - 60 Minutes
Length (Hours)0.75
Course FeaturesAudio, Mobile, Accessible
Module Number(s)14513EN