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Flood Insurance Overview

Flood insurance compliance remains a persistent challenge, as reflected in examination findings and civil money penalties issued by regulatory agencies. Join us for a review of coverage requirements, guidance on determining the minimum required flood insurance amount, and a clear breakdown of the key timing provisions under the Flood Disaster Protection Act.
Upcoming
DATE

Thursday, July 2, 2026
2:30 pm - 4:00 pm

INSTRUCTOR

Molly Stull

FORMAT

Webinar

CREDIT TYPE

2 CRCM Credits

$299.00 or 1 Token

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

  • Commercial/Business Lending
  • Compliance
  • General Compliance
  • Lending
  • Lending Compliance
  • Mortgage Lending
  • Commercial Lender
  • Compliance Officer
  • Consumer Lender/Retail Banker
  • Internal Auditor
  • Loan Closer
  • Loan Operations Manager/Specialist
  • Mortgage Lender

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Flood compliance continues to result in civil money penalties for institutions that violate the Flood Disaster Protection Act (FDPA), even though the core requirements have remained unchanged for years. At its foundation, adequate flood insurance must be in place whenever a MIRE (Make, Increase, Renew, or Extend) event occurs and the property securing the loan is located in a Special Flood Hazard Area.

In addition, if a borrower allows coverage to lapse, your institution is responsible for force-placing flood insurance within required timeframes. Accurate calculations and close attention to timing are essential to maintaining compliance.

An effective flood compliance management program includes promptly obtaining flood determinations, correctly calculating minimum coverage amounts, meeting all notice requirements, and thoroughly reviewing flood insurance policies.

Join us as we break down FDPA requirements and help you strengthen your program to avoid gaps in flood compliance.

What You'll Learn

  • Identify when flood insurance notices must be provided to borrowers
  • Accurately calculate the minimum required amount of flood insurance coverage
  • Identify when the detached structure exemption applies
  • Distinguish between NFIP and private flood insurance policies
  • Understand key timing requirements for force-placing coverage and refunding duplicate premiums
  • Implement effective monitoring and tracking tools to support compliance efforts
  • Leverage available resources, including the Interagency Flood FAQs, to address questions and support decision-making

Who Should Attend

This informative session is designed for any role that includes FDPA compliance responsibilities, including risk officers, compliance officers, auditors, loan review staff, lenders and loan processing personnel.
Molly Stull

Instructor Bio

Molly began her banking career on the teller line while working on her undergraduate degree and has continued working in the financial industry ever since. Some of her experience includes roles in operations, business resumption planning, consumer compliance, and conducting audits. Her favorite role is ensuring that her audience, whether on the sports field or in the financial industry, understands the "why" behind the rule. Her wealth of financial knowledge and her numerous years of experience enable her to relate the material to the audience.

Continuing Education Credit Information

Flood Insurance Overview has been approved for 2 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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