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Commercial Flood Insurance Regulations & Compliance

Mar 17 2:00 PM - Mar 17, 2021 3:30 PM
Mar 17, 2021 2:00 PM - 3:30 PM
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A complex array of regulations and implications for businesses, residential property, and collateral, a compliant, well-run commercial flood insurance program requires competent, knowledgeable staff. If your confidence is ailing, or you have questions, or you just need the current scoop, this jampacked webinar is just the prescription.

Learning Objectives

  • Identify potential problem areas:
    • Contents coverage for commercial loans
    • Multi-family buildings and commercial loans
    • Commercial condominiums coverage and limitations
    • Force placement of flood insurance
    • Disputing flood zone determinations
    • Proof of coverage and coverage calculations
  • Compliantly provide flood notices for each tripwire event
  • Understand how the June 2020 proposed FAQs impact commercial loans (finalization pending as of this writing)
  • Distinguish when the detached structure provisions for residential property may apply for a business, commercial, or agricultural loan

Compliance with the flood insurance rules can present unique challenges in the commercial lending area. Commercial loan collateral may include a combination of residential and non-residential property, along with commercial inventory. These scenarios can create problem areas for complying with flood regulations. Attend this session to learn the flood coverage rules and root causes of common violations in the commercial lending arena and protect your financial institution from costly mistakes.

Agenda

Speakers

Susan Costonis, CRCM, Compliance Consulting and Training for Financial Institutions

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.

Location

Fees

Individual Webinar: $259

Full, 4-part E-Sign Series: $933 (save $103)

The series includes:

To purchase the series, please visit the main E-Sign Series page.

Live and recorded webinar, handouts, quiz with answer key and training log are included.
Your registration includes unlimited locations (until further notice), making it easier to share and learn with remote staff during the coronavirus crisis. Training materials will be available to download the day of the event.

Additional Info

Event Type

Webinar

Topics Covered

  • Live Webinars
  • Lending & Collections
  • Compliance