All About Flood Insurance Compliance Requirements OnDemand with Live Streaming

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)

9:00 am - 10:15 am CT (15 minute break)

  • Purpose, Key Terms, Overview
  • Flood Determinations
  • Letters of Map Change
10:30 am - 12:00 pm CT (45 minute lunch break)

  • Special Flood Hazard Notice
  • Participating/Non-Participating Communities
  • Requirement to Purchase Flood Insurance
12:45 pm - 2:15 pm CT (15 minute break)

  • Requirement to Purchase Flood Insurance (Continued)
  • Additional Flood Insurance Considerations
2:30 - 4:00 pm CT

  • 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.