Tuesday, March 25, 2014
(GMT-05:00) Eastern Time (US & Canada)
Credit Union Web Training Webinar:
Flood Insurance Compliance Update: Including New Biggert-Waters Rules Effective July 6, 2014 & FEMA Mapping Changes
Financial institutions play a vital role in ensuring that the provisions of the National Flood Insurance Program are carried out. Examiners are inspecting flood compliance procedures with a microscope and penalties are quick to be issued. In addition, examiners want to ensure you are ready to implement sound procedures to address the new changes under the Biggert-Waters Act.
This must-attend session will address these rules, proposals, and FEMA mapping/pricing changes. The sample procedures and tools provided will assist with compliance and make your next flood exam a non-event.
Continuing Education: Attendance verification for CE credits upon request
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 procedures?
Overview of new requirements of the Biggert-Waters Insurance Reform Act effective June 1, 2014
Mandatory escrow requirements effective July 6, 2014
The Homeowner Flood Insurance Affordability Act being considered by Congress
Sample written flood procedures, including the new Biggert-Waters requirements
Monitoring and tracking tools
Tools for reviewing your files for flood compliance
Worksheet to test whether you have enough insurance coverage
Employee training log
Quiz you can administer to measure staff learning and a separate answer key
WHO SHOULD ATTEND?
This informative session will benefit lenders, loan processors, compliance officers, and auditors.
Webinar content is subject to copyright and intended for your individual credit union’s use only.
MEET THE PRESENTER
Ann Brode, Brode Consulting Services, Inc.
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