Certified Floodplain Manager (CFM) Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Study for the Certified Floodplain Manager (CFM) Exam with a comprehensive quiz featuring multiple-choice questions, exam tips, and in-depth explanations. Prepare yourself for the CFM certification with confidence!

Start Multiple Choice Practice Test
Start Flash Cards

Practice this question and more.

How were lenders impacted by the 1994 National Flood Insurance Reform Act?

  1. They received subsidies

  2. They were subject to fines if not compliant

  3. They were given grants

  4. They were required to provide digital data

The correct answer is: They were subject to fines if not compliant

The 1994 National Flood Insurance Reform Act required lenders to be compliant with certain flood insurance requirements for properties in flood-prone areas. This means that lenders were responsible for ensuring that property owners had the necessary flood insurance coverage. If they failed to comply, they could face fines for not following federal regulations. The other options, such as receiving subsidies or grants or providing digital data, were not direct impacts on lenders under this specific act.

More Questions Like This