Flood: Auditing for FDPA Compliance

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.