Top 10 Most Frequent Flood Issues 2020 | Total Training Solutions | 25 February 2020 |

Covered Topics:

• When flood insurance is required;
• How to determine the accurate amount of required insurance the borrower must purchase;
• What the purchase requirements are when multiple buildings are located on a property in a special flood hazard area;
• The final requirements for the mandatory acceptance of private flood insurance;
• The detached structure exemption and how to utilize it;
• The requirement to escrow flood insurance premiums and the exemptions allowed from the escrow requirements;
• The rules for force-placing flood insurance;
• Whether increasing a loan balance due to force-placing flood insurance requires an escrow account to be established;
• What steps should be taken if a flood hazard determination does not mirror the special flood hazard area dictated by the insurance company; and
• How a financial institution should monitor those loans designated to be in a special flood hazard area.

Who Should Attend?

The program is designed for compliance officers, operations personnel, mortgage loan officers, loan originators and others involved in obtaining and maintaining flood insurance on mortgage loans.

2020 Speaker

Jack Holzknecht
CEO, Compliance Resource, LLC