Flood insurance rules have changed continuously over the past few years, including the 2022 revised Q&As regarding federal flood insurance law and the agencies’ implementing regulations that were effective immediately. In this webinar, you’ll learn to understand the complexity of the flood rules, including requirements of the Biggert-Waters Flood Insurance Reform Act, and the Homeowner Flood Insurance Affordability Act. We’ll also go deep into the requirements of the Interagency Final Rules, including exemptions from coverage, and requirements and exemptions for escrowing flood insurance premiums.
What You’ll Learn
- Biggert-Waters Flood Insurance Reform Act
- Homeowner Flood Insurance Affordability Act
- Interagency Final Rules, including:
- Revised Flood Hazard notice
- Revisions to rules for force-placing flood insurance
- Requirements that lenders accept private flood insurance
Who Should Attend
This program is designed for loan operations management, lenders, risk managers, compliance officers, loan servicing personnel, auditors, and others with responsibilities related to obtaining flood insurance at origination and maintaining flood insurance throughout the life of a loan.