Flood Insurance Essentials

Flood Insurance Essentials (In-Person, Live Stream and Recording)


April 23, 2024
9:00am-4:00pm



Member Fees: $265 (In-Person); $365 (Live Stream); $530 (Recording); $100 Add On Recording Fee with In-Person or Live Stream Registration
Non-Member Fees: 
$465 (In-Person); $565 (Live Stream); $730 (Recording); $100 Add On Recording Fee with In-Person or Live Stream Registration



Flood Insurance rules have changed continuously over the past few years. On July 6, 2012, Congress passed the Biggert-Waters Flood Insurance Reform Act (Biggert-Waters). On March 23, 2014, Congress passed the Homeowner Flood Insurance Affordability Act (Affordability Act). Final rules implementing the two laws have been published and implemented in recent years. During 2020 and 2021, the agencies have proposed Frequently Asked Questions to clarify the rules for flood insurance and private flood insurance.

Upon completion of this program, participants understand recent revisions including:

  • The requirements of the Biggert-Waters Flood Insurance Reform Act
  • The requirements of the Homeowner Flood Insurance Affordability Act
  • The requirements of the Interagency Final Rules including:
    • The exemption from coverage for any structure that is part of a residential property but is detached from the primary residential structure and does not serve as a residence
    • The requirement to escrow flood insurance premiums on residential improved real estate or a mobile home securing a loan that is made, increased, renewed, or extended as of January 1, 2016
    • The exemptions from the escrow requirements
    • The revised Flood Hazard notice
    • The requirement to offer the option to escrow flood insurance premiums and fees on loans outstanding as of January 1, 2016
    • The revisions to the rules for force-placing flood insurance
  • The final rules, effective July 1, 2019, require lenders to accept private flood insurance


ABA Professional Certifications Continuing Education Credit (For in-person and live stream registration options only)

This program has been approved for 7.25 CRCM credits by ABA (American Bankers Association) Professional Certifications. Certified professionals will report these credits at aba.csod.com


Lending, Loan Review, Loan Operations and Compliance 


Kimberly Boatwright is EVP and Director of Risk and Compliance at COMPLIANCE RESOURCE, LLC and has more than two decades of experience working in the financial services industry. Ms. Boatwright is a well-regarded financial industry risk and compliance professional with a strong background in program development and implementation. She is a thought leader who specializes in Fair Lending, Anti-Money Laundering, OFAC and consumer compliance. During her career she has worked for and consulted with all types of financial institutions helping to establish and evolve compliance and risk programs. She is a frequent public speaker, trainer, and author on compliance and risk management topics. Kimberly is a Certified Regulatory Compliance Manager and a Certified Anti-Money Laundering Specialist.


Click here for hotel and area information.

 

When
4/23/2024 9:00 AM - 4:00 PM
Where
LBA/The Bankers Center 5555 Bankers Avenue Baton Rouge, LA 70808 UNITED STATES

Program


Date Not Specified

Description

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