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in this video kayla and i are going to be giving you a pop quiz for the mlo tests lets jump right in all right okay so lets see lance so first the question im going to go ahead and ask you flood insurance must be purchased from home flood insurance must be purchased from whom who do you think that is and guys oh by the way were going to read the question and then were going to do a pause right for you to answer the question and then were going to give you the answer all right so yes first question yes flood insurance must be purchased from whom who do you think its the nfip the national flood insurance program kayla whats the minimum and maximum amount of flood insurance needed minimum is a hundred thousand and the maximum is 250 000 of flood insurance needed all right lets see what whats the penalty for violating ecoa the penalty for violating ecoa is ten thousand dollars ten thousand dollars and guys i have some extra questions for you guys whats the penalty for by for sen