Attend this Flood Insurance streaming event from the convenience of your own home or office via Live Streaming Video as it happens on Tuesday, October 19th (9:00 am – 4:00 pm Central Time), or at your own convenience with 6 months of OnDemand playback.
When it comes to flood insurance compliance there is a lot to remember and even more ways to mess it up. There are determinations to pull, notices to provide, calculations to make, timing requirements to follow, etc., that you must get right. There’s little to no room for error! You also have to deal with both federal regulatory requirements and insurance industry requirements which can muddy the waters ever more. Failure to comply can also result in hefty civil money penalties. This is an area you want to ensure your financial institution gets right!
The “All About Flood Insurance Compliance Requirements OnDemand with Live Streaming” has been approved for 7 CRCM credits. This statement is not an endorsement of this program or its sponsor. Credits are redeemable for Live attendance only. Certification holders must report these credits at https://aba.csod.com.
Highlights:
- The Latest Guidance & Hot Spots
- Flood Determinations
- Letters of Map Change/Revision
- Special Flood Hazard Area Notice
- Participating/Non-Participating Communities
- How Much Insurance Is Required?
- Determining Insurable Value
- Multiple Buildings, Detached Garage Provisions & Detached Structure Exemptions
- Condominiums
- Private Flood Insurance
- Escrow Requirements
- Force Placement Requirements
- Servicer Notifications
- CMS Intersection
- Non-Compliance
- Monitoring Requirements, Examination Feedback, Resources & Much More!
Training Day Agenda (Subject to Change)
10:00 am – 11:15 am ET (15 minute break)
Purpose, Key Terms, Overview
Flood Determinations
Letters of Map Change
11:30 am – 1:00 pm ET (45 minute lunch break)
Special Flood Hazard Notice
Participating/Non-Participating Communities
Requirement to Purchase Flood Insurance
1:45 pm – 3:15 pm ET (15 minute break)
Requirement to Purchase Flood Insurance (Continued)
Additional Flood Insurance Considerations
3:30 – 5:00 pm ET
Private Flood Insurance
Force Placement of Flood Insurance
Monitoring
Escrowing
Notice of Servicer’s Identity
Civil Money Penalties
CMS
Who Should Attend?
This event is for consumer real estate loan officers, loan processors, compliance and audit personnel.
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.
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Instructor
Jerod Moyer
Jerod is the leader of Banker's Compliance Consulting’s training productions. He is a nationally recognized speaker. Whether it’s a conference, seminar, school, webinar or luncheon, it’s easy to... read more.
