Flood Insurance Compliance: All-Day Streaming

Date:

May 6, 2025

Register

Compliance with the flood insurance regulations should be easy – determine where the structure is (assuming it’s insurable), and if it's in a flood zone, require insurance. Simple, right? Why then are there so many violations and penalties? The answer, of course, is that this seemingly simple issue has many complexities. Plus, the flood insurance rules are some of the few that mandate the assessment of a civil money penalty upon a finding of a pattern or practice of violations.

Agenda

Tuesday, May 6th, 2025
10:00 am - 5:00 pm EST

  • What exactly do the flood insurance rules cover? "Covered loan" vs. "Designated loan"
  • What is an insurable structure or an insurable mobile home?
  • How do we deal with attached garages?
  • Flood insurance in construction settings
  • Determinations: when you must do them, reliance upon previous determinations, disputes over their results, and the role of life-of-loan coverage
  • Determining flood zone status yourself
  • Flood zone discrepancies - how to deal with them (hint: you don’t have to anymore)
  • Risk Rating 2.0 – what is it and what does it mean?
  • Participating communities – what this means and how to find out
  • Insurable value - what is it and how is it calculated? Is it 100% RCV? (hint: not necessarily)
  • Differences in the types of structures and impacts on coverage amounts – what about abandoned or worthless structures?
  • Coverage Amounts: “Normal” situations, condo coverage (including the RCBAP), multi-structure, and construction situations
  • What you have to do vs. best practices (i.e., what you can do)
  • Minimum requirements, and you can always do more
  • "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 you must maintain
  • What do you have to monitor?
  • The types of policies and their limitations, including NFIP and private policies
  • Private flood policies – criteria for acceptance and best practices
  • Insuring multiple structures
  • Force-placing insurance - when, why, and how
  • Insurance premiums and potential future Congressional action
  • What to do if (when) the NFIP lapses
  • Continuing regulatory expectations – a look to the future
Topics

Topics

  • Auditing
  • Commercial/Business Lending
  • Compliance
  • Lending Compliance
  • Reporting
  • Risk Management/Legal

Roles

  • Bank Legal Counsel
  • Branch Manager
  • Commercial Lender
  • Compliance Officer
  • Consumer Lender/Retail Banker
  • Credit Analyst
  • Internal Auditor
  • Loan Closer
  • Loan Operations Manager/Specialist
  • Mortgage Lender
  • Private Banker
  • Risk Manager
  • Senior Management
  • Small Business Lender
  • Training Manager
  • Trainer
  • Workout Specialist/Collector

Who Should Attend?
This session will give an in-depth understanding of these rules and is imperative for anyone performing duties in real estate lending areas of the financial institution. This includes loan officers, supervisors, auditors, closing agents, compliance officers, trainers, and others working in these types of positions.

Speaker(s)

Carl Pry is a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP) who is a Senior Advisor for Asurity Advisors in Washington, DC. Through his more than 30-year working career, as well as through his experience as a banking attorney and officer, he has provided a variety of regulatory compliance and financial performance services to financial institutions and other clients throughout the country. He has written extensively regarding consumer and commercial compliance, tax, audit, and financial institution legal issues, and is a frequent contributor to and currently serves as the Chair of the Editorial Advisory Board for the ABA Bank Compliance magazine. He has spoken at scores of banking, compliance, and state bar associations, and has conducted training sessions for financial institutions across the country.

Fees

$849.00 or 4 Tokens

Available Upgrades

  • Additional Live Access $250.00 per person
Association Contact

Brooke McCormack
Education Meeting Coordinator
bmccormack@indiana.bank
317-387-9380