Flood Insurance Compliance for Commercial Lending:
Unique Issues & Case Studies
Webinar OR Recorded Webinar + Free Digital Download
Wednesday, April 17, 2019
12:00 pm – 1:30 pm Pacific
1:00 pm – 2:30 pm Mountain
2:00 pm – 3:30 pm Central
3:00 pm – 4:30 pm Eastern
Although flood insurance regulations began in 1996, examiners continue to cite numerous violations and impose civil money penalties. Compliance can present unique challenges in commercial lending, partly because the collateral may include a combination of residential and non-residential property, as well as commercial inventory. This webinar will use case studies to highlight selected problem areas. Join us to gain a better understanding of flood-related coverage rules and root causes for common commercial lending violations and learn how to avoid costly mistakes.
- When is contents coverage required for commercial loans?
- Policy types and limitations
- Multi-family buildings and commercial loans
- Commercial condominiums coverage and limitations
- Force placement of flood insurance
- Disputing flood zone determinations
- Resolving flood zone discrepancies
- Notice to borrowers each time a covered loan is made, increased, renewed, or extended
- Proof of coverage and coverage calculations
- Case studies
- Update on the applicability of the detached structure exemption on residential property for business, commercial, or agricultural loans
- TAKE-AWAY TOOLKIT
- Matrix of 28 loan types; required disclosures for consumer and commercial loans with requirements for flood insurance
- Commercial loan checklist
- Flood insurance compliance resources and tools
- FEMA Summary of Coverage for Commercial Property
- Employee training log
- Quiz to measure staff learning and a separate answer key
WHO SHOULD ATTEND?
This informative session is a cost-effective way to gain a greater understanding of the commercial lending flood regulations. It will benefit commercial loan officers, loan assistants, loan operations staff, compliance officers, auditors, and trainers.
DON’T MISS THESE RELATED WEBINARS!
Required Compliance for Commercial Loans Secured by Real Estate
on Wednesday, March 20, 2019
New Private Flood Insurance Rules Effective July 1, 2019: Policy, Procedures & Compliance
on Friday, April 5, 2019
All webinars are available for six months after broadcast
Attendance verification for CE credits provided upon request.
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.
ABOUT THE PRESENTER – Susan Costonis, CRCM, Compliance Consulting and Training for FIs
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.
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