Certified Floodplain Manager (CFM) Practice Exam

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Unlock your potential as a Certified Floodplain Manager (CFM) with our expertly crafted practice test. Designed to simulate the real exam, our quiz offers a comprehensive review of floodplain management principles, preparing you for success.

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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.

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