The multitude of rule
changes in recent years has created confusion about flood insurance compliance.
In addition, failing to properly handle the numerous technical requirements can
cause a breakdown in your process. This is a high-risk area for any lender –
whether you have 6 or 60 loans on flood properties. Civil money penalties are
assessed almost weekly and examiners’ citations aren’t slowing down. Mitigate
your flood compliance risk by joining this webinar which will cover technical
rules, disclosure requirements, initial escrow disclosure for flood insurance,
loan origination compliance requirements, and FAQs outlined by the CFPB.
- What loans are covered?
determinations: complete, accurate, and timely
- Notice for flood properties
– timing is imperative
- What is required for the initial escrow disclosure?
- Detached-structure rules
- FAQs regarding flood requirements during loan
- Agencies’ proposal on private flood insurance rules
Ann Brode-Harner, Brode Consulting Services, Inc.