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Flood Insurance: Compliance and Enforcement Challenges

Deep dive into the world of flood insurance compliance, including requirements, best practices, and common risks and violation areas. Learn how to get a seemingly easy (but really complicated) process right the first time, and every time.

Upcoming
DATE

Friday, February 13, 2026
11:00 am - 1:00 pm

INSTRUCTOR

Carl Pry

FORMAT

Webinar

CREDIT TYPE

2.5 CRCM Credits

$299.00 or 1 Token

Includes: Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Auditing
  • Commercial/Business Lending
  • Compliance
  • General Compliance
  • Lending
  • Lending Compliance
  • Mortgage Lending
  • Risk Management/Legal
  • Transaction Compliance
  • Bank Legal Counsel
  • Commercial Lender
  • Compliance Officer
  • Internal Auditor
  • Loan Closer
  • Loan Operations Manager/Specialist
  • Mortgage Lender
  • Private Banker
  • Risk Manager
  • Senior Management
  • Small Business Lender

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Compliance with the flood insurance regulations should be easy. Determine where the structure is (assuming it’s insurable), and if it’s in a flood zone, require insurance. Simple, right?

Why then are there so many violations and penalties? The answer, of course, is that this seemingly simple issue has many complexities.

The rules have been around since 1996, yet examiners continue to cite numerous violations and fines. Flood insurance is always one of the regulators’ principal areas of concern.

We’ve also had many changes in the law over the years due to several statutory changes and other regulatory clarifications. And we now have updated and detailed Interagency Questions and Answers that clarify many points regarding the changes, which is certainly welcome.

Nevertheless, there are many significant issues out there. In this webinar, we'll concentrate on them, including determinations, mapping (including Risk Rating 2.0), monitoring, contents coverage, private policies, amount of coverage, force-placement, and escrow requirements, among many others.

We’ll devote special attention to those issues that typically cause lenders problems, as well as those that are the focus of many a regulatory violation and fine. Come prepared with your questions, as this is the time to understand all the intricacies of the rules and ensure your processes are up to date and correct.

What You'll Learn

  • What exactly do the flood insurance rules cover? Covered loan vs. Designated loan
  • What is an insurable structure or an insurable mobile home?
  • Determinations: when you must do them, reliance upon previous determinations, disputes over their results, and the role of life-of-loan coverage
  • Flood zone discrepancies: how to deal with them (hint: you don’t have to)
  • Insurable value: what is it and how is it calculated? Is it 100% RCV? (hint: not necessarily)
  • Differences in the types of structures and impacts on coverage amounts
  • Coverage amounts: “Normal” situations, condo coverage (including the RCBAP), multi-structure, and construction situations
  • What you have to do vs. best practices (i.e., what you can do)
  • Knowledge is King: when you have to know
  • Documentation and retention: the Standard Flood Hazard Determination Form, notice to customers, and proof of insurance: what you must maintain
  • What do you have to monitor?
  • The types of policies and their limitations, including NFIP and private policies
  • Private flood policies: criteria for acceptance
  • Detached structure guidance, and insuring multiple structures
  • Force-placing insurance: when, why, and how
  • Insurance premiums and potential future Congressional action
  • Continuing regulatory expectations

    • Who Should Attend

    This session is ideal for anyone involved in the flood insurance process, including lenders, compliance professionals, auditors, business leaders, and legal personnel.
    Carl Pry

    Instructor Bio


    Carl Pry is a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP) who is a Senior Advisor for Asurity Advisors in Washington, DC. Through his more than 35-year working career, as well as through his experience as a banking attorney and officer, he has provided a variety of regulatory compliance and financial performance services to financial institutions and other clients throughout the country. He has written extensively regarding consumer and commercial compliance, tax, audit, and financial institution legal issues, and is a frequent contributor to and currently serves as the Chair of the Editorial Advisory Board for the ABA Bank Compliance magazine. He has spoken at scores of banking, compliance, and state bar associations, and has conducted training sessions for financial institutions across the country.


    Continuing Education Credit Information

    Flood Insurance: Compliance and Enforcement Challenges has been approved for 2.5 CRCM credits. This statement is not an endorsement of this program or its sponsor. Credits are redeemable for both Live and OnDemand viewing. For questions on certificates, please email support@oncourselearning.com. Certification holders must report these credits at https://aba.csod.com.

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