Commercial Lending Series:
Commercial Flood Insurance Rules & Best Practices
(90-minute webinar – recording also available)
Tuesday, March 24, 2020
12:00 PM Pacific 1:00 PM Mountain
2:00 PM Central 3:00 PM Eastern
Commercial loan collateral can include a combination of residential and non-residential property. How does that affect flood insurance? Is adequate coverage in place? What forms are required? How is coverage calculated? Now is the time to ensure your collateral and institution are protected.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Identify these potential problem areas:
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- Contents coverage for commercial loans and when it is required
- Multi-family buildings and commercial loans
- Commercial condominiums coverage and limitations
- Force placement of flood insurance
- Disputing flood zone determinations
- Proof of coverage and coverage calculations
- Use the correct procedures to provide flood notices for each tripwire event
- Explain policy types and limitations
- Distinguish when the detached structure provisions for residential property may apply for a business, commercial, or agricultural loan
WEBINAR DETAILS
Flood insurance regulations have been around since 1996, yet examiners continue to cite numerous violations and impose civil money penalties. Compliance with these rules can present unique challenges with commercial lending. The collateral for commercial loans may include a combination of residential and non-residential property, along with commercial inventory. These scenarios can create potential compliance issues. Join us to learn the flood coverage rules, root causes for common violations, and how to avoid costly mistakes.
WHO SHOULD ATTEND?
This informative session will benefit commercial loan officers, loan assistants, loan operations staff, compliance officers, auditors, and trainers.
TAKE-AWAY TOOLKIT
- Matrix of 28 loan types, including required disclosures for consumer and commercial loans with flood insurance requirements
- Checklist for commercial loans
- Flood insurance resources and tools for compliance, including FEMA’s Summary of Coverage for Commercial Property
- Employee training log
- Interactive quiz
DON’T MISS THESE RELATED WEBINARS!
Consumer Loan Flood Insurance Forms Line-by-Line
on Thursday, March 19, 2020
Updated Flood Insurance Exam Procedures,
Including Recent Private Flood Insurance Rules
on Friday, December 6, 2019
 MEET THE PRESENTER
Susan Costonis, CRCM, Compliance Consulting and Training for Financial Institutions
Susan Costonis is a compliance consultant and trainer who began her career in 1978. She specializes in compliance management along with deposit and lending regulatory training. Susan has successfully managed compliance programs and exams for institutions that ranged from a community bank to large multi-state bank holding companies. She has been a compliance officer for institutions supervised by the OCC, FDIC, and Federal Reserve. Susan has been a Certified Regulatory Compliance Manager since 1998, completed the ABA Graduate Compliance School, and graduated from the University of Akron and the Graduate Banking School of the University of Colorado. She regularly presents to financial institution audiences in several states and “translates” complex regulations into simple concepts by using humor and real-life examples.
Please note: The live webinar option allows you to have one internet connection (from a single computer terminal). You may have as many people as you like listen and watch from your office computer.
THREE REGISTRATION OPTIONS
Note: All materials are subject to copyright. Transmission, retransmission, or republishing this webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.
- LIVE WEBINAR
The live webinar option allows you to have one internet connection from a single computer terminal. You may have as many people as you like listen and watch from your office computer. Registrants receive a website address and passcode that allows entrance to the seminar. The session will be approximately 90 minutes, including question and answer sessions. Seminar materials, including instructions, passcode, and handouts will be emailed prior to the broadcast. You will need the most current version of Adobe Reader available free at www.adobe.com.
- RECORDED WEBINAR + FREE DIGITAL DOWNLOAD
Can’t attend the live webinar? This option provides a recording of the live event, including audio, visuals, and handouts. We even provide the presenter’s email address for follow-up questions. You will receive an email with the recorded webinar link, which can be viewed anytime 24/7, beginning 6 business days after the webinar. You will also receive instruction on how to download a free digital copy of the webinar to your PC, which you may keep and use indefinitely.
The recorded webinar may ONLY be ordered for 6 months following the live webinar. In addition, the download must be completed within 6 months of the live webinar date.
- BOTH LIVE WEBINAR & RECORDED WEBINAR + FREE DIGITAL DOWNLOAD
Options 1 and 2 described above.
AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE
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