Flood Disaster Protection Act: Proposed Rules – Webinar

A ninety-minute webinar that provides an analysis of the requirements of the Flood Disaster Protection Act, select questions and answers issued by the regulatory agencies and the proposed rules issued by the federal regulatory agencies. 


On October 24, 2014, five federal regulatory agencies announced the approval of a joint notice of proposed rulemaking to amend regulations pertaining to loans secured by property located in special flood hazard areas. The proposed rule would implement provisions of the Homeowner Flood Insurance Affordability Act of 2014 (HFIAA) relating to escrowing flood insurance payments and the exemption of certain detached structures from the mandatory flood insurance purchase requirement. HFIAA amends the escrow provisions of the Biggert-Waters Flood Insurance Reform Act of 2012 (the Biggert-Waters Act). The proposal also includes new and revised sample notice forms and
clauses concerning the escrow requirement and the option to escrow.

Regulatory agencies continue to assess civil monetary penalties against financial institutions for violations of the flood rules. There are many ways to violate the flood requirements: you could fail to properly complete the SFHD form or fail to complete it in a timely manner; fail to give the borrower the required flood hazard notice within the correct timeframe; or incorrectly calculate the amount of insurance required. These and other violations are continuing to serve as the basis for regulators to impose civil monetary penalties.

While civil monetary penalties will impact your bottom line, it is important to recognize that the reputation of your institution may be at risk as well, especially when your institution is in the headlines for not complying with the flood requirements.


• Review the basic requirements of the Flood Disaster Protection Act including:

   – Coverage and Exemptions

   – Flood Insurance Determinations

   – Use of Previous Determinations

   – Notification Requirements

   – Insurance Requirements

   – Civil Monetary Penalties

•  Proposed rules

•  Discuss select Interagency Flood Q&As


Kathy Mayes, Vice President, PBS


This informative webinar is designed for compliance officers, compliance staff, loan processors, and auditors who must understand this important and complex issue. Loan officers and those with compliance management or training responsibilities will also benefit from this valuable webinar.


Comprehensive written materials along with an online presentation for viewing serve as the basis of the presentation. Ample time will be dedicated to taking questions from attendees. Be sure to ask your questions during the webinar, as we are unable to offer telephone or email support after the presentation.


Tuesday, February 17, 2015

2:00 pm – 3:30 pm Eastern
1:00 pm – 2:30 pm Central
12:00 pm – 1:30 pm Mountain
11:00 am – 12:30 am Pacific

All times listed are Standard Time.


First Location

$265 – Attend Webinar
$365 – Attend Webinar and Purchase Recording/Materials
$265 – Purchase Recording/Materials

Additional Locations

$135 – Attend Webinar
$235 – Attend Webinar and Purchase Recording/Materials
$135 – Purchase Recording/Materials

Additional locations are available at a discounted rate of $135 each.  Please call our toll-free number to register any additional locations (800/523-4778, option 1).


Your registration of $265 entitles you to a single telephone and Internet connection at one physical location and permission to make copies of the written materials for anyone else participating during the webinar. Additional locations are available at a discounted rate of $135 each. Additional locations may be registered by fax, mail or phone call to PBS. Any recording, transmission, retransmission, or republishing of any portion of this webinar is prohibited.

Prior to the program date, you will receive an email with the instructions for accessing the program materials, dialing into the program, and viewing the training session. Please add registrar@probank.com to your list of approved email addresses. Participants have the option to listen to the audio portion only and print the web presentation from a link provided rather than view on the web. (You will need Adobe Acrobat Reader, available free at: www.adobe.com).

Download a Webinar Brochure

Register online now by clicking here!

Professional Bank Services
(800) 523-4778