Real estate loans are intended to make money. But the list of financial institutions fined (that means writing a check to pay for the violation of law) because Flood requirements were not met continues to grow. Not only does this impact your bottom line, but you have to explain to your board why this happened. And it doesn't have to.

What is really required, when, by whom and how much insurance does the customer have to get? These are just some of the questions the banks who were fined asked, but asked to late. Now you can have your questions answered, and probably some you didn't know you had.

Join David Dickinson for flood insurance from the lenders perspective. Sitting behind the loan desk, it is important to know what has to be completed before the loan can close, legally. Is raw land with a barn that will be razed improved or unimproved property? Some lenders may feel that they can waive the requirement for coverage in this case because they placed no value on the barn. Ask the underlying question of who is really being protected by flood insurance and can anyone really waive coverage requirements. Topics to be discussed include:

• Improved real estate
• How much coverage is required
• Force placed insurance, when and what steps to take
• Escrows
• Forms completion
• LOMA/LOMR
• Using prior determination
• Secondary market requirements
• Flood insurance questions and answers
• And much more

This webinar includes a manual you will use as a resource many times over in the future. Whether training staff on flood, researching a specific question or using it for auditing and monitoring, you'll appreciate this plain English, easy to read resource.

About the speaker:  David Dickinson
David is a highly trained expert in compliance regulations. He is also a motivational speaker and innovative educator. As a qualified speaker on compliance issues, David speaks for the American Bankers Association's National Compliance School, as well as, several State Banking Associations. He conducts various seminars throughout the year, has developed numerous compliance manuals and has written articles for prestigious banking publications. In 1993, He established the firm of Banker's Compliance Consulting.

CPE Credit:
This program is recommended for 2 CPE credits. CPE credit is only granted to registered users. You can contact Carin Eisenhauer for a certificate of completion.

About the seminar:
One registration is required per location. If the complete broadcast is received via the computer the AUDIO and VIDEO COMPONENTS can be connected to an A/V projector to allow multiple participants to view the conference. If the audio portion of the broadcast is received via the telephone the AUDIO portion can be placed on speaker phone to allow multiple participants. Interactive components delivered via Web include slides, online polls and interactive Q&A via chat.

Each registration also comes with one ARCHIVED viewing of the event. This will enable you to participate in the LIVE event as well as train additional staff from the ARCHIVED event.

Handouts will be provided and we welcome questions during and after the seminar, as well as in advance. Questions received after the webinar will be posted on a special Web page for later viewing by seminar attendees.

Refund Policy: All registration changes or cancellations are subject to a $20 processing fee. Registration cancellation requests made in writing (email is acceptable) at least 10 days prior to the event will receive a full refund minus the $20 processing fee. For cancellation requests made less than 10 days prior to the event, registrants may elect to receive an ARCHIVED On-Demand view of the event or a credit toward a future event.

If there is a complaint regarding the program, participants should contact Carin Eisenhauer, BankersOnline.com. at 405-348-0269 or email carin@bankersonline.com


Bankers Online Learning Connect is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Nashville, TN, 37219-2417. Web site: www.nasba.org

Prerequisites: None.

Contact Information: Billing questions can be directed to Carin Eisenhauer, carin@bankersonline.com. All other questions may be directed to mpetry@bankersonline.com

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SYSTEM TEST USING WINDOWS MEDIA PLAYER