$305.00 – $705.00
Date Recorded: February 8, 2022
Presenter: Anetria Cohen, Vice President and Senior Consultant, FORVIS
A two-hour webinar that provides an overview of the flood insurance requirements.
The flood insurance regulation is a compliance topic that is often a source of confusion and anxiety, as requirements are frequently vague and violations may devolve into civil money penalties. Institutions are regularly frustrated with understanding this vitally important regulation but must be aware of the breadth of the flood insurance requirements and the potential pitfalls they may face.
This webinar will provide a review of the fundamental obligations that financial institutions have with complying with the flood regulations, including: making the determination of whether flood insurance is required, notification requirements, how much insurance is required, force-placement, the detached structure exemption, escrows, and notice requirements.
Accordingly, the webinar will present an in-depth review of the basic flood insurance requirements and provide a helpful flow chart explaining the compliance process.
This informative webinar is designed for compliance officers, compliance staff, loan officers, and auditors who must understand this important issue. Also, those with compliance management or training responsibilities will also benefit from this valuable webinar.
Program Level: Basic
Prerequisite/Advanced Preparation: Basic Knowledge of Lending Regulations
Field of Study: Specialized Knowledge
Any recording, transmission, retransmission, or republishing of any portion of this webinar is prohibited.