Flood Insurance Compliance Requirements – All Day Streaming
When it comes to flood insurance compliance there is a lot to remember and even more ways to mess it up. There are determinations to pull, notices to provide, calculations to make, timing requirements to follow, etc., that you must get right. There’s little to no room for error! That’s just the federal regulatory requirements. You also have to deal with insurance industry requirements which can muddy the waters ever more. Failure to comply can also result in hefty civil money penalties. This is an area you want to ensure your financial institution gets right!
What You Will Learn
- The Latest Guidance FAQs & Hot Spots (Including Cross-Collateralization)
- Flood Determinations
- Letters of Map Change/Revision
- Special Flood Hazard Area Notice
- Participating/Non-Participating Communities
- How Much Insurance Is Required?
- Determining Insurable Value
- Multiple Buildings, Detached Garage Provisions & Detached Structure Exemptions
- Condominiums
- Private Flood Insurance
- Escrow Requirements
- Force Placement Requirements
- Servicer Notifications
- CMS Intersection
- Non-Compliance
- Monitoring Requirements, Examination Feedback, Resources & Much More!
Tentative Training Day Agenda (Subject to Change)
9:00 am – 10:15 am CT (15 minute break)
Purpose, Key Terms, Overview
Flood Determinations
Letters of Map Change
10:30 am – 12:00 pm CT (45 minute lunch break)
Special Flood Hazard Notice
Participating/Non-Participating Communities
Requirement to Purchase Flood Insurance
12:45 pm – 2:15 pm (15 minute break)
Requirement to Purchase Flood Insurance (Continued)
Additional Flood Insurance Considerations
2:30 – 4:00 pm
Private Flood Insurance
Force Placement of Flood Insurance
Monitoring
Escrowing
Notice of Servicer’s Identity
Civil Money Penalties
CMS
Who Should Attend?
This webinar is for consumer real estate loan officers, loan processors, compliance and audit personnel.
Presenter
Jerod Moyer is the leader of Banker’s Compliance Consulting’s training productions. He is a nationally recognized speaker. Whether it’s a conference, seminar, school, webinar or luncheon, it’s easy to stay engaged when he presents due to the amount of passion and energy he brings to each and every compliance topic. Jerod has spoken on behalf of the American Banker’s Association, BankersOnline, many state banking associations, private compliance groups and financial institutions. He is a Certified Regulatory Compliance Manager (CRCM) and BankersOnline Guru.
Jerod likes to spend his time (between reading regulations and producing compliance training!) relaxing at the lake with his wife and three children, following their activities or engaged in something sports-related!
Registration Option
OnDemand with Live Streaming: $1049
Includes: Access the recording for 12 months.
