Flood CMP... those eight letters can cause alarm! Examiners are inspecting
flood procedures with a fine-toothed comb and are quick to issue civil money
penalties (CMP) for noncompliance. Lenders must know the Flood Act’s numerous
technical requirements. This can’t-miss session will address flood rules, FAQs,
disclosure requirements, mapping changes, detached structure rules, private
flood insurance, and escrow requirements. It will also outline red flags and
errors cited during examinations. These real-life examples will illustrate
lessons learned from others’ mistakes. In addition, the sample procedures and
tools provided will ensure compliance and make your next flood exam a non-event.
Join this webinar to learn more about this high-risk area.
Which loans are covered?
- Complete, accurate, and timely flood
- Notice for flood properties – timing is imperative
- How much flood insurance is enough?
- Force-placing insurance
- Mandatory escrow requirements
- Detached structure rules
- Frequently asked questions
Ann Brode-Harner, Brode Consulting Services, Inc.