Flood Insurance for Cancelled Communities Webinar
This two-hour webinar explains the requirements of communities to take adequate floodplain management measures and how a community falls into a suspended status. In addition, we will look to see how a community can be reactivated once a suspension occurs.
Webinar Description and Audience
Does your financial institution service a community where the sale of flood insurance authorized by the National Flood Insurance Program (NFIP) has been suspended? If not, will one of the communities your financial institution services be next on the list of suspended communities?
Many of you receive daily or weekly compliance updates that frequently contain a list of communities across the nation that have been suspended from the program. The process for suspending a community from the NFIP begins at least six months prior to the suspension date; therefore, the community does have time to ensure proper documentation of legally enforceable floodplain management measures are taken. If the community fails to take appropriate steps and is not reinstated in the NFIP there may be a significant impact on a financial institution’s lending practices. We will dive into this issue that may be plaguing your financial institution and determine how to swim through the legalities of lending in these communities.
This two-hour webinar explains the requirements of communities to take adequate floodplain management measures and how a community falls into a suspended status. In addition, we will look to see how a community can be reactivated once a suspension occurs. The program will explain why your financial institution should track these community suspension notifications and what steps you must take if you lend in a suspended community. Also, how does a community suspension impact those loans on your books that are in the community and have flood insurance coverage under the NFIP? Participants will receive a detailed manual that serves as a handbook long after the program is completed.
•What steps must a community take to become authorized under the National Flood Insurance Program to offer flood insurance
•How does a community become suspended from the NFIP
•Can a community become reinstated into the NFIP and what steps must be taken for reinstatement
•How does a financial institution know if a community has been suspended under the NFIP
•May a financial institution that is not covered under the NFIP make a loan in a nonparticipating community
•Can you continue to make loans for building-secured loans if the community has been suspended from the NFIP
•Are the loans your financial institution has on the books covered by a flood insurance policy still serviceable loans if the community has been suspended by the NFIP
•What happens to your ability to make building secured loans if a community decides to withdraw from the NFIP
Who Should Attend?
The program is designed for loan officers, compliance officers, loan processors and clerks and auditors. Whether new to the requirements of HMDA and Regulation C or a seasoned veteran, this program provides a comprehensive review of the new requirements of HMDA and Regulation C.
Webinar Viewing Options
INCLUDES 7 DAYS OF UNLIMITED ONDEMAND PLAYBACK! With this option, you will participate in the webinar live, via the internet. You will login to the webinar on your PC to view the PowerPoint presentation, and you have the option of using your PC speakers or a telephone for the audio. You can type and send your questions to the instructor. Many companies are now running their PC through an LCD projector allowing many employees to participate at the same time. And don’t worry if you miss the webinar, you can still view it for up to seven days after it takes place!
SIX MONTH ONDEMAND VIDEO:
With this option, you will receive an e-mail that contains a link to the PowerPoint slides (to download, print, and copy) as well as a link to the media player where you will view and hear the entire webinar just as it was delivered, featuring the full-color PowerPoint presentation with audio. You can pause, fast-forward and rewind as needed, which makes it a very effective training tool. The OnDemand Video will be available to you (and anyone else in the company) for six months and can be accessed 24/7 as many times as you wish. Delivered via e-mail the day after the webinar takes place.
If you do not have internet access or want to make the webinar part of your training library, the CD-ROM Recording is a great option for viewing a webinar. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. With this option, you will receive a download of the PowerPoint slides and a CD-ROM Recording (featuring PowerPoint presentation with audio) of the webinar via regular mail. Mailed 7 to 10 days after the webinar takes place.
Webinars can be scheduled and offered exclusively for your company. They can even be customized to best fit your needs. To find out more, please complete the in-house request form found in the Schedule and Registration Information section below.
Continuing Education (CE) Credits
This webinar is recommended for 2.5 CE Credit Hours. Each attendee will receive a Certificate of Attendance for self-reporting of CE Credits.