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Wisconsin Credit Union Foundation

New Private Flood Insurance Rules Effective July 1, 2019: Policy, Procedures & Compliance

This must - attend session that will provide the training and tools needed to ensure your compliance standards are complete and correct.

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Type of Event
On Demand Webinar

Who Should Attend
  • On Demand
  • Webinars
  • Lenders
  • Compliance

Purchase

Description

After a five - year wait, the final rules on private flood insurance have finally been released! The rules implement a portion of the Biggert - Waters Flood Insurance Reform Act that defines “private flood insurance.” This is meant to provide borrowers with more flood insurance options – which also brings more com pliance requirements. Compliance and lending staff must be ready by the July 1, 2019, effective date – before regulators start focusing on this area.

Examiners will be expecting sample policy, written procedures, and monitoring checklists. This webinar will cover the final rule’s requirements and present them as sample policy. Prepare your staff now with this must - attend session that will provide the training and tools needed to ensure your compliance standards are complete and correct.

Learning Objectives

  • Basic requirements
  • Standards for requirements for coverage
  • Compliance aid elements in the final rule (to help you discern a complete policy)
  • Responsibilities for “discretionary acceptance”
  • How to ensure the private insurance policy is similar to coverage provided under the Standard Flood Insurance Policy (SFIP)

Speaker

Ann Brode- Harner, Brode Consulting Services, Inc.

Investment

$259.00