Deep Dive into Force-Placed Flood Insurance 2022 | Financial Education & Development Inc. | 17 February 2022 | Webinar
Venue
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| Event Date | Thu Feb 17 EST (almost 3 years ago) |
| Location | Webinar |
| Region | Americas |
Details
The Flood Disaster Protection Act requires time-sensitive actions by the lender or its designated servicer during the force placement of a flood insurance policy. However, recent enforcement actions have identified this as an area of weakness. How do your policies and procedures stack up?
After This Webinar You’ll Be Able to:
• Explain force-placement timing requirements
• Properly prepare a notice of underinsured or uninsured flood insurance coverage
• Understand the amount of force-placed flood insurance is dependent on how the borrower will be charged for the premium and the loan contract
• Obtain documentation necessary to demonstrate evidence of flood insurance coverage in connection with a lender’s refund of force-placed premiums
• Calculate refunds for duplicate flood insurance coverage
• Recognize examiner-identified force-placement exceptions
• Explain the action steps required when a FEMA map changes a loan into a SFHA
Speakers
2022 Presenter
Molly Stull
Consultant. Brode Consulting Services, Inc.