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Course description

It is commonly thought that Commercial Lending is free from following Consumer Compliance Regulations.  This is a just not true – especially when it comes to compliance under the Flood Disaster Protection Act.  Compliance with the Act is mandatory across all lending areas and cannot be ignored or the requirements “waived”.  


Commercial Loans often involve multiple properties, multiple property types, contents and assets, and cross collateralization.  It’s critical for Commercial Lenders to understand the fundamental requirements of the Act and how they relate to the type of lending they do. The more complex the loan, the tougher it can be to ensure you are compliant.


Examiners look at a Bank’s Policy and Procedure to ensure compliance with FDPA and have the expectation that these Policies and Procedures will safeguard borrowers against flood risk.  Any pattern and practice of violation can lead to Civil Money Penalties.  These CMP’s and not just levied to the “big boys” and involve “big bucks”.  In recent years, we’ve seen an increase in smaller dollar CMPs to small community banks for flood violations. Don’t find yourself in this situation!


Join me for this webinar as I walk through the six steps that must be followed to ensure compliance.  I will help you make sense of what is required in each step as it relates to the type of lending common to commercial loans.  During this webinar we will cover and discuss the following:


  • Building types and coverage amounts
  • Obtaining and understanding Flood Determinations
  • Notification Requirements
  • What to do with “Exempt” structures
  • Understanding collateral taken as “an abundance of caution”
  • Cross-Collateralization
  • Force-Placement
  • Private Flood Insurance




Michelle Strickland

Michelle Strickland brings a wealth of commercial, consumer and residential loan compliance to her position at TCA, Thomas Compliance Associates, Inc. Like many now senior compliance officers, Ms. Strickland began her banking career on the teller line, but her early career also included consumer, residential and secondary market loan processing. Her next step up was as a systems administrator for six bank branches; Ms. Strickland’s responsibilities included customizing the bank’s loan origination systems. Ms. Strickland’s most recent experience, at a large Indiana bank, included responsibility for three operational areas: loan servicing; commercial loan processing and documentation; and residential and consumer loan processing and documentation. Her duties included the preparation of Risk Assessments on loan operations functional areas, vendor relationships, pipeline reports and, of course, regulatory compliance. Ms. Strickland joined TCA in early 2014.

Course curriculum

  • 1


    • Access Webinar

  • 2


    • Slides

    • Questions and Answers