The SBA Lender obtains a Standard Flood Hazard Determination (FEMA Form 086-0-32 or successor; a CDC may use the interim or Third Party Lender's) and, where any part of a collateral building is in a special flood hazard area, requires NFIP flood insurance or comparable private flood insurance on the building and on equipment, fixtures or inventory collateral in it, for at least the lesser of the outstanding principal and the maximum coverage available, following the NFIP and the interagency Q and A. Private policies must be at least as broad as the NFIP policy and carry the 45-day non-renewal notice, NFIP availability information, a mortgage interest clause, a one-year suit limit and NFIP-equivalent cancellation terms. The policy protects the lender's interest against the insured's acts, with 10 days' (45 for private) cancellation notice.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.