Flood: Auditing for FDPA Compliance

Audit & Accounting Compliance Lending

On-Demand Webinar

StreamedApr 1, 2025Duration90 minutes

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

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A critical component of a compliance management system is effective auditing.

This webinar will provide tools to review all types of flood policies, notices, timing requirements, and force-placement procedures along with resources for when a deeper dive is needed. Join us for this session to ensure your audit procedures are FDPA compliant.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Verify notices were provided in a timely manner
Ensure the SFHDF was obtained on all relevant collateral
Analyze a private flood policy
Calculate the minimum amount of required flood insurance
Determine if the detached-structure exemption was used appropriately
Recognize examiner-identified force-placement exceptions
Cross reference internal flood tracking with life of loan provider records
Document compliance testing with the numerous checklists provided

WEBINAR DETAILS

Violations of the Flood Disaster Protection Act (FDPA) continue to draw civil money penalties. Therefore, it is critical to periodically review policies and procedures to ensure FDPA compliance. Whether you are specifically auditing for compliance with the Act or responsible for performing the identified flood-related tasks, this webinar will provide critical assistance.

FDPA compliance involves unique mathematical calculations for each loan and also very specific, timely communications. Join us to learn how to test for accurate calculations, including when the collateral involves different types of structures, multiple liens, and the option to use a coverage exemption. Not only will tools be provided to aid in documenting individual loan testing, but this program will also explain what should be reviewed for seasoned loans located in a special flood hazard area, including force-placement requirements.

WHO SHOULD ATTEND?

This informative session is designed for risk officers, compliance officers, auditors, loan review staff, and anyone responsible for compliance with the FDPA, including lenders and loan processing personnel.

TAKE-AWAY TOOLKIT

Flood insurance calculation worksheet
Force-placement transactional review checklist
Special flood hazard area loan worksheet
Private flood insurance policy checklist
Flood notice content checklist
Flood FAQs
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.