You are still on the hook for compliance. Acceptable deductibles, as long as they are in line with what is available under the NFIP is purely a safety and soundness issue - although there would be fair lending consideration is you were not consistent.
The regulations read: bank documents its conclusion regarding sufficiency of the protection of the loan in writing.
That does not say agent.
_________________________
The opinions expressed here should not be construed to be those of my employer:
PPDocs.com