"My favorite part of attending ICBA Institutes is connecting with peers from other institutions. I look forward to future events knowing familiar faces will be there, and while the training is always excellent, it’s the networking that keeps me coming back."
-McKenzie Humpal, VP Compliance Officer at First Citizens Bank in Iowa
"Through ICBA, I earned the CCBIA, CBAP, and CCBCO designations, each enhancing my role at different stages of my career. Each designation provided valuable resources and insights that improved my expertise in these areas."
-Michael Hoehn, Assistant Compliance Officer and CRA Officer at First Metro Bank in Muscle Shoals, Alabama.
"The Fraud Seminar was excellent and very informative. I got a lot of resources that will help in our FI. Great tools."
-Donna Franklin, AmeriState Bank, Atoka, Ohio
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The National Flood Insurance Program (NFIP) was created to help property
owners protect themselves financially. The Flood Disaster Protection
Act, its amendments and implementing regulations, make the purchase of
flood insurance mandatory when a designated loan is located or will be
located in a Special Flood Hazard Area.
This course will discuss the
flood insurance requirements in detail to ensure compliance with the
laws. It will also provide best practices for monitoring the banks
real estate secured loans for flood compliance.
This course is intended for all personnel involved in real estate
secured lending, including lenders, loan assistants, loan operations,
and compliance. This course is intended for all personnel involved in
real estate secured lending, including lenders, loan assistants, loan
operations, and compliance.
Learning Objectives:
Know when to obtain a standard flood hazard determination form
Understand what is required for acceptance of a private flood
insurance policy
Know how to provide the proper notices and disclosures
Ensure you have sufficient insurance coverage for applicable loans
Understand when escrow is required
Understand when force placement occurs
Implement best practices for ensuring flood insurance
requirements are met
Course Outline:
Coverage
Private Flood Insurance Rules
Standard Flood Hazard Determination Form & Fees
Notices and Disclosures
Sufficient Coverage
Escrow
Force Placement
Best Practices
Course length 43 minutes. This course is worth 0.75 CPE
