12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET
Flood CMP... those eight letters can cause alarm! Examiners are inspecting flood procedures with a fine-toothed comb and are quick to issue civil money penalties (CMP) for noncompliance. Lenders must know the Flood Act’s numerous technical requirements. This can’t-miss session will address flood rules, FAQs, disclosure requirements, mapping changes, detached structure rules, private flood insurance, and escrow requirements. It will also outline red flags and errors cited during examinations. These real-life examples will illustrate lessons learned from others’ mistakes. In addition, the sample procedures and tools provided will ensure compliance and make your next flood exam a non-event. Join this webinar to learn more about this high-risk area.
Attendance certificate provided to self-report CE credits.
- Which loans are covered?
- Complete, accurate, and timely flood determinations
- Notice for flood properties – timing is imperative
- How much flood insurance is enough?
- Force-placing insurance
- Mandatory escrow requirements
- Detached structure rules
- Frequently asked questions
- TAKE-AWAY TOOLKIT
- Sample flood procedures
- Monitoring and tracking tools, including sample procedures
- Worksheet to test whether there is enough insurance coverage
- Employee training log
- Quiz to measure staff learning and a separate answer key
DON'T MISS THESE RELATED WEBINARS!
|"New Private Flood Insurance Rules Effective July 1, 2019: Policy, Procedures & Compliance"
Friday, April 5, 2019
"Flood Insurance Compliance for Commercial Lending: Unique Issues & Case Studies"
Wednesday, April 17, 2019
All webinars are available for six months after broadcast
WHO SHOULD ATTEND?
This informative session will benefit lenders, loan processors, compliance officers, and auditors.
NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.