Certified Floodplain Manager (CFM) Practice Exam

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What was established by the 1994 reforms to enforce lender compliance with flood insurance requirements?

  1. Authorized CRS

  2. Mitigation provisions

  3. Lender compliance provisions

  4. Erosion hazard prevention measures

The correct answer is: Lender compliance provisions

The 1994 reforms established lender compliance provisions to enforce compliance with flood insurance requirements. This means that lenders were required to take certain actions to ensure that borrowers had adequate flood insurance coverage. Option A, CRS, stands for Community Rating System and was not established by the 1994 reforms. Option B, mitigation provisions, refers to actions taken to lessen the impact of a natural disaster and was not specifically related to lender compliance with flood insurance requirements. Option D, erosion hazard prevention measures, also does not directly relate to lender compliance with flood insurance requirements.

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