Flood Insurance Training: It's No Longer Optional
Flood insurance training is no longer "optional". The Biggert-Waters Flood Insurance Reform Act extended authority for the National Flood Insurance Program (NFIP) through 2017. This legislation also allowed regulators to increase fines to $2,000 per incident and removed the annual limit.
Attend this training session to get updated on Flood Insurance training. By attending, you will better understand the rules of coverage, the root causes for common violations (including proper completion of the Standard Flood Hazard Determination Form), controls to require adequate flood insurance coverage, and proving that the Notice of Special Flood Hazards was delivered for each type of "triggering" event.
Who Should Attend
- Expectations for flood insurance compliance, including recent regulatory guidance and suggestions for oversight by the Board and Senior management
- What "pattern or practice" violations will trigger mandatory assessment of civil money penalties by your financial institution's primary regulator?
- Requirements of the Biggert-Waters Flood Insurance Reform Act of 2012 and the Homeowner Insurance Affordability Act
- How to deliver proper flood hazard notices for the four types of "trip wire" events; proper insurance calculation methods, and force placement rules
- Problem areas - what are they and how can you avoid making costly mistakes? Portions of the interagency question and answers will be covered. Topics to be covered include examples for:
- Contents coverage for commercial loans
- Residential condominium loans
- Force placement of flood insurance
- Map changes
- Disputing flood zone determinations
- Flood zone discrepancies
- Notice to borrower
- Proof of coverage
- Construction Loans
- Detached garages
- Flood Insurance Resources - helpful references and tools for compliance
This informative session is designed for auditors, loan officers, loan assistants, and loan administration staff. This seminar is designed for both those new to flood insurance compliance or more experienced personnel looking for a review of existing requirements.
Susan Costonis is a compliance consultant and trainer. She frequently provides consulting services to financial institutions regarding fair lending and other compliance management issues. Her 36 year career in banking and training began with 20 years at First National Bank, an affiliate of Wells Fargo Bank, in Fort Collins, CO. Susan has been a bank compliance consultant or compliance officer in Louisiana since 1998.
During her career, Susan has successfully managed compliance programs and exams for institutions supervised by the OCC, FDIC, and Federal Reserve. She is a Certified Regulatory Compliance Manager and completed the ABA Graduate Compliance School and the Graduate Banking School of the University of Colorado. Susan regularly presents seminars to financial associations.
|Licenses / Designations / Educational Credits:||CEU|
All US States: 2.5
All Canadian Provinces: 2.5
|About The Provider:
||Since 1983 Total Training Solutions has produced dozens of videotapes, CD-Roms, DVD's and web-based training modules. In addition to off-the-shelf products, Total Training Solutions also develops custom training products and consults with financial institutions to develop their own training curriculum.
For timely delivery of training topics, webinars or web conferencing is an unbeatable option. We now offer over 100 live programs per year and you can even purchase the recorded or ondemand session if you are unable to attend the live program.
We have worked exclusively with the financial industry since our founding. Because of this, we understand the needs of training departments in financial institutions and are alert to changes which affect the industry.
Attend the live session with the opportunity to ask questions to the presenter. You also receive a link to the handouts. All registrations for a live event will be given access to the OnDemand recording, at no additional cost, for seven days following the event. This will allow a flexible alternative when last minute conflicts intrude on scheduled events.
CD-Rom includes audio and video of recorded webinar plus hard copy handouts. You will also receive 6 months access to the OnDemand weblink as an added free bonus.
Includes a weblink for unlimited viewing for 6 months after the date of the webinar as well as a link to handouts.
Live + Recorded:
Includes all three options above. Live session, OnDemand Weblink, and CD-Rom plus Hardcopy Handouts.
Live + OnDemand:
Includes two of the options above. Live session and 6 months access to OnDemand Weblink plus link to handouts.
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|Flood Insurance Training: It's No Longer Optional||CD/On-Demand||$325.00||
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