Date/Time
Date(s) - 03/24/2020
2:00 pm - 3:30 pm

Categories

• Education - Compliance
• Education - Risk

Commercial loan collateral can include a combination of residential and non-residential property. How does that affect flood insurance? Is adequate coverage in place? What forms are required? How is coverage calculated? Now is the time to ensure your collateral and institution are protected.

REGISTER

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

• Identify these potential problem areas:
  • Contents coverage for commercial loans and when it is required
  • 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
• Use the correct procedures to provide flood notices for each tripwire event
• Explain policy types and limitations
• Distinguish when the detached structure provisions for residential property may apply for a business, commercial, or agricultural loan

WEBINAR DETAILS

Flood insurance regulations have been around since 1996, yet examiners continue to cite numerous violations and impose civil money penalties. Compliance with these rules can present unique challenges with commercial lending. The collateral for commercial loans may include a combination of residential and non-residential property, along with commercial inventory. These scenarios can create potential compliance issues. Join us to learn the flood coverage rules, root causes for common violations, and how to avoid costly mistakes.

Attendance certificate provided to self-report CE credits.

WHO SHOULD ATTEND?

This informative session will benefit commercial loan officers, loan assistants, loan operations staff, compliance officers, auditors, and trainers.

PRICING