Are you being compliant?
Flood Map changes affect 92% of the population!
This means millions of properties may have a flood status change. According to the FDIC Annual report for 2011, 80% of the fines issued by the FDIC in 2011 were flood related. The Biggert-Waters Flood Insurance Reform and Modernization Act passed in June 29, 2012 included an increase for penalties against lenders from $350 to $2,000 for each flood violation and eliminated the annual cap on flood violation fines. Ease your compliance worries by signing up with a vendor that has the dedicated staff and funds.