Calendar of Events

Flood Insurance: Compliance Issues and Enforcement Topics that Continue to Plague Lenders

08/22/2017, 10:00 AM to Noon

No location provided

Amy Davis adavis@msbankers.com 601-948-6366

Description:

Flood Insurance: Compliance Issues and Enforcement Topics that Continue to Plague Lenders


Presented by Carl Pry
Tuesday, August 22nd, 2017 - 10:00 am - 12:00 pm CT
 

Covered Topics:

  • What exactly do the flood insurance rules cover?
  • What is a covered 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
  • Insurable value - what is it and how is it calculated?
  • Coverage Amounts: "Normal" situations, condo coverage, multi-structure, and construction situations
  • "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 do you have to monitor?
  • The types of policies and their limitations, including NFIP (National Flood Insurance Program) and private policies
  • Force-placing insurance - why and how
  • Insurance premiums and Congressional action
  • Increasing regulatory expectations

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