In this Compliance Clip (video), Adam explains what can be done when a structure is located in a high-risk flood zone, but a customer doesn’t want to get flood insurance because the building is old, unusable, or wouldn’t be replaced if it was damaged. This is a great video to share with your lending team who may ask this question from time to time.
Welcome to the Compliance Cohort. We are a group of compliance professionals working to make compliance easier. Our goal is to take complex compliance concepts and put them in simple terms that apply to the real world. We are glad you have found us and look forward to collaborating in the future.
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