When it comes to flood insurance compliance there is a lot to remember and even more ways to mess it up. There are determinations, notices, calculations, timing requirements, etc., that you must get right. There’s little to no room for error! You also have to deal with federal regulatory requirements vs. insurance industry requirements which can muddy the waters even 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!
What You Will Learn
- Hot Spots
- Proposed FAQs Update
- Flood Determinations
- Special Flood Hazard Area Notice
- How Much Insurance Is Required?
- Determining Insurable Value
- Multiple Buildings, Detached Garages & Detached Structures
- Escrow Requirements
- Force Placement
- Monitoring and Much More!
Who Should Attend?
This webinar is designed for real estate loan officers, loan processors, compliance and audit personnel.
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