Flood Insurance Compliance for Commercial Lending: Unique Issues & Case Studies

On-Demand Webinar
StreamedApr 17, 2019Duration90 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
See Registration Options

Although flood insurance regulations began in 1996, examiners continue to cite numerous violations and impose civil money penalties. Compliance can present unique challenges in commercial lending, partly because the collateral may include a combination of residential and non-residential property, as well as commercial inventory. This webinar will use case studies to highlight selected problem areas. Join us to gain a better understanding of flood-related coverage rules and root causes for common commercial lending violations and learn how to avoid costly mistakes.

Attendance certificate provided to self-report CE credits.

HIGHLIGHTS

  • When is contents coverage required for commercial loans?
  • Policy types and limitations
  • Multi-family buildings and commercial loans
  • Commercial condominiums coverage and limitations
  • Force placement of flood insurance
  • Disputing flood zone determinations
  • Resolving flood zone discrepancies
  • Notice to borrowers each time a covered loan is made, increased, renewed, or extended
  • Proof of coverage and coverage calculations
  • Case studies
  • Update on the applicability of the detached structure exemption on residential property for business, commercial, or agricultural loans

  • TAKE-AWAY TOOLKIT
    • Matrix of 28 loan types; required disclosures for consumer and commercial loans with requirements for flood insurance
    • Commercial loan checklist
    • Flood insurance compliance resources and tools
    • FEMA Summary of Coverage for Commercial Property
    • Employee training log
    • NEW: Interactive Quiz to measure staff learning

WHO SHOULD ATTEND?

This informative session is a cost-effective way to gain a greater understanding of the commercial lending flood regulations. It will benefit commercial loan officers, loan assistants, loan operations staff, compliance officers, auditors, and trainers.

 

Presented By

Susan CostonisSusan Costonis
Compliance Training & Consulting for Financial Institutions
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