Webinar: Flood Insurance Compliance Update: Requirements, Issues & FAQs

Start: 3:00 pm
End: 4:30 pm
Event Days: 03/19/2013 - 03/19/2013

Regulatory agencies are monitoring flood compliance more than ever before, and they've been quick to issue penalties. In addition, the Biggert-Waters Insurance Reform Act was finalized and has been signed into law. This webinar will review flood basics and the most recent, frequently asked questions. You'll explore tools and sample procedures to help ensure that your next flood exam is seamless. You'll also receive a toolkit including: sample procedures for flood compliance, the new requirements of Biggert-Waters, monitoring and tracking tools, tools for reviewing flood compliance files and a worksheet to evaluate insurance coverage.

About This Session:

This webinar will cover the following topics:

  • What loans are covered by this regulation?
  • Flood determinations: complete, accurate and timely
  • Notice for flood properties - timing is imperative!
  • How much flood insurance is enough?
  • Force placing insurance: What are your credit union's procedures?

Who Should Participate:

Lenders, loan processors, compliance officers and auditors

About the Presenter:

Ann Brode, Brode Consulting Services, Inc.

With nearly 40 years of experience, Ann Brode serves as a consultant to regional and community financial institutions in a wide range of areas, including strategic planning, lending, deposits, marketing, training, compliance and management. She has presented sessions for numerous state associations and has taught at the School of Banking Administration at the University of Wisconsin, as well as many other state banking schools. Brode is the author of The Bank Deposit Documentation Manual for Front-Line Personnel and is well-represented in numerous industry publications.