The cost of flood insurance non-compliance can be expensive for financial institutions. For violations occurring after January 15, 2021, the cost of a flood violation is $2,252 per violation per loan. Join us as we review the basics of flood insurance rules for financial institutions, talk about the most common violations, and explore ways to mitigate risk of non-compliance.

We Will Cover:

• Elements of a flood insurance program
• Review of common violations such as the purchase of insurance and force-placement of insurance
• How CMPs are determined
• How to avoid flood insurance violations and ways to mitigate risk

Who Should Attend:
Compliance Officers, Auditors, Lending Staff, Operations Staff, and interested parties.

Air date: April 22, 2021
(Courses are current as of the date aired)