Join

Event Calendar

Thursday, September 24, 2020

Commercial Lending Series: Commercial Flood Insurance Rules & Best Practices

Start Date: 3/24/2020 1:00 PM MDT
End Date: 9/24/2020 2:30 PM MDT


Organization Name: Independent Bankers of Colorado

Contact:
Tara F. Hunter
Email: thunter@ibcbanks.org
Phone: (303) 832-2000

Commercial Lending Series: Commercial Flood Insurance Rules & Best Practices?
1:00 pm – 2:30 pm MT

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.
 
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.
 
WHO SHOULD ATTEND?
This informative session will benefit commercial loan officers, loan assistants, loan operations staff, compliance officers, auditors, and trainers.
 
TAKE-AWAY TOOLKIT
  • Matrix of 28 loan types, including required disclosures for consumer and commercial loans with flood insurance requirements
  • Checklist for commercial loans
  • Flood insurance resources and tools for compliance, including FEMA’s Summary of Coverage for Commercial Property
  • Employee training log
  • Interactive quiz
 
DON’T MISS THESE RELATED WEBINARS!
Consumer Loan Flood Insurance Forms Line-by-Line
on Thursday, March 19, 2020
 
Updated Flood Insurance Exam Procedures,
Including Recent Private Flood Insurance Rules

on Friday, December 6, 2019
 
   MEET THE PRESENTER
Susan Costonis, CRCM
Compliance Consulting and Training for Financial Institutions

Susan Costonis is a compliance consultant and trainer who began her career in 1978.  She specializes in compliance management along with deposit and lending regulatory training.  Susan has successfully managed compliance programs and exams for institutions that ranged from a community bank to large multi-state bank holding companies.  She has been a compliance officer for institutions supervised by the OCC, FDIC, and Federal Reserve.  Susan has been a Certified Regulatory Compliance Manager since 1998, completed the ABA Graduate Compliance School, and graduated from the University of Akron and the Graduate Banking School of the University of Colorado.  She regularly presents to financial institution audiences in several states and “translates” complex regulations into simple concepts by using humor and real-life examples.

THREE REGISTRATION OPTIONS – WHAT YOU GET
1. Live Webinar Includes
  • One connection to the Live Webinar
  • Handout and Take-Away Toolkit
  • Available on desktop, mobile & tablet
  • Presenter’s contact info for follow-up
 2. Recorded Webinar Includes
  • Available 6 business days following Live date
  • Handout and Take-Away Toolkit
  • Available on desktop, mobile & tablet
  • Free Digital Download, yours to keep
  • Share link with anyone at your institution
  • Presenter’s contact info for follow-up
 3. Purchase the BOTH Option to receive all the benefits listed above!

Online Registration

Registration is Closed
Closed: 9/24/2020 1:30 PM

Add to my calendar

Map