WEBINAR

Top 10 Most Frequent Flood Insurance Issues Webinar

CFT Credits: 0.25

This two-hour webinar explains the top ten issues financial institutions face regarding flood insurance. Participants receive a detailed manual that serves as a handbook long after the program is completed.

Webinar Description and Intended Audience

What?
Flood Insurance rules have changed continuously over the past few years. On July 6, 2012 Congress passed the Biggert-Waters Flood Insurance Reform Act (Biggert-Waters). On March 23, 2014 Congress passed the Homeowner Flood Insurance Affordability Act (Affordability Act). The Affordability Act revised certain sections of Biggert-Waters, eliminated or delayed other sections and created new rules. In June 2015, the financial institution regulatory agencies released final rules implementing many of the provisions of both of the above laws.

While these provisions are now a few years old, financial institutions are still dealing with issues and uncertainties regarding flood insurance requirements, including the detached structure exemption, force placement requirements, and escrow provisions. In addition to these newer requirements, other general provisions of the flood insurance requirements still plaque many financial institutions, for example, how much flood insurance coverage is required and how do we resolve discrepancies between a flood zone determination and an insurance company. Given these challenges, we are still faced with more uncertainty as the requirements for the mandatory acceptance of private flood insurance have been proposed but are still pending.

Why?
This two-hour webinar explains the top ten issues financial institutions face regarding flood insurance. Participants receive a detailed manual that serves as a handbook long after the program is completed.

Covered Topics:

  1. When flood insurance is required;
  2. How to determine the accurate amount of required insurance the borrower must purchase;
  3. What the purchase requirements are when multiple buildings are located on a property in a special flood hazard area;
  4. The proposed requirements for the mandatory acceptance of private flood insurance;
  5. The detached structure exemption and how to utilize it;
  6. The requirement to escrow flood insurance premiums and the exemptions allowed from the escrow requirements;
  7. The rules for force-placing flood insurance;
  8. Whether increasing a loan balance due to force-placing flood insurance requires an escrow account to be established;
  9. What steps should be taken if a flood hazard determination does not mirror the special flood hazard area dictated by the insurance company; and
  10. How a financial institution should monitor those loans designated to be in a special flood hazard area.

Who Should Attend?

The program is designed for compliance officers, operations personnel, mortgage loan officers, loan originators and others involved in obtaining and maintaining flood insurance on mortgage loans.

Webinar Viewing Options

LIVE WEBINAR:                                              

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.

CD-ROM VIDEO:

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 any applicable handouts and a CD-ROM (featuring the full-color PowerPoint presentation with audio) via regular mail. Mailed 7 to 10 days after the webinar takes place.

IN-HOUSE:                                                        

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.

Register Here!

Choose the viewing option that best suits your needs. Live Webinar times are shown as Eastern Time. You can choose to pay by credit card or invoice when you register. CFT Credit will be awarded to the registrant, unless directed otherwise (additional attendees can also receive credit for an additional fee). CFT Webinars are powered by Total Training Solutions!

Webinar DateStart TimeEnd DateEnd TimeViewing Options - See Descriptions AbovePrice
01/22/1911:00 AM01/22/1901:00 PMLive Webinar$265.00Register
01/22/19CD-ROM Video Recording$345.00Order
01/22/19Six Month On-Demand Recording$295.00Order
01/22/1911:00 AM01/22/1901:00 PMLive and On-Demand$365.00Register
01/22/1911:00 AM01/22/1901:00 PMLive, On-Demand, CD-ROM$395.00Register
AnyIn-HouseRequest