When it comes to flood insurance compliance there is a lot to remember and even more ways to mess it up. There are determinations to pull, notices to provide, calculations to make, timing requirements to follow, etc., that you must get right. There's little to no room for error! That's just the federal regulatory requirements. You also have to deal with insurance industry requirements which can muddy the waters ever more. Failure to comply can also result in hefty civil money penalties. This is an area you want to ensure your financial institution gets right!What You'll Learn:

• The Latest Guidance FAQs & Hot Spots (Including Cross-Collateralization)
  
• Flood Determinations
  
• Letters of Map Change/Revision
  
• Special Flood Hazard Area Notice
  
• Participating/Non-Participating Communities
  
• How Much Insurance Is Required?
  
• Determining Insurable Value
  
• Multiple Buildings, Detached Garage Provisions & Detached Structure Exemptions
  
• Condominiums
  
• Private Flood Insurance
  
• Escrow Requirements
  
• Force Placement Requirements
  
• Servicer Notifications
  
• CMS Intersection
  
• Non-Compliance
  
• Monitoring Requirements, Examination Feedback, Resources & Much More!

Tentative Training Day Agenda (Subject to Change)
9:00 am - 10:15 am CT (15 minute break)

• Purpose, Key Terms, Overview
  
• Flood Determinations
  
• Letters of Map Change
  
• 10:30 am - 12:00 pm CT (45 minute lunch break)

• Special Flood Hazard Notice
  
• Participating/Non-Participating Communities
  
• Requirement to Purchase Flood Insurance
  
• 12:45 pm - 2:15 pm (15 minute break)

• Requirement to Purchase
• Flood Insurance (Continued)
  
• Additional Flood Insurance Considerations
  
• 2:30 - 4:00 pm

• Private Flood Insurance
  
• Force Placement of Flood Insurance
  
• Monitoring
  
• Escrowing
  
• Notice of Servicer's Identity
  
• Civil Money Penalties
  
• CMS