9:00 am – 10:30 am HST
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
Do you have a leaky flood compliance program? Are civil money penalties looming? You can protect your financial institution by understanding and complying with the Flood Disaster Protection Act requirements.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Understand critical elements in the flood determination process
- Dissect each required flood insurance form line-by-line
- Use weaknesses identified in recent CMPs to strengthen your flood compliance program
- Calculate the minimum amount of flood insurance required
- Explain the differences between an NFIP and a private policy
- What’s required when reviewing a private policy
- Watch for potential flood issues with third-party service providers
- Implement monitoring and tracking tools to fulfill compliance responsibilities
How would you describe your consumer loan flood insurance compliance program? Is it robust enough to weather a storm? Or is someone metaphorically holding their finger in the dike? Now is the time to ensure staff knows the policy ins and outs and the forms line-by-line.
The components of an effective flood compliance management program include timely ordering of the determination; action steps when collateral is in a special flood hazard area; fulfilling notice requirements; and evaluating flood policies. But it doesn’t stop there! This webinar will address the elements of a monitoring program after the loan has originated; what to do when a policy must be force-placed; and the recent requirement to accept private flood policies. Come explore each step in developing a water-tight flood compliance program!
Attendance certificate provided to self-report CE credits.
WHO SHOULD ATTEND?
This informative session is designed for lenders, loan processors, lending staff, compliance officers, risk officers, and trainers.
- Sample flood procedures
- Tool to calculate the amount of flood insurance required
- Private flood insurance policy checklist
- Sample flood policy
- Case studies to aid in training
- Employee training log
- Interactive quiz
DON'T MISS THESE RELATED WEBINARS!
|"Commercial Flood Insurance Rules & Best Practices"
Thursday, March 26, 2020
"Updated Flood Insurance Exam Procedures,
Including Recent Private Flood Insurance Rules"
Tuesday, December 17, 2019
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.