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Course description

Flood rules – clarified. The agencies (FRB, OCC, FDIC, FCA and NCUA) published a proposed change for your flood rules on July 6, 2020. To be clear, this is a proposal which means it is a crystal ball of things to come, and your opportunity to comment on what the agencies believe needs to be clarified and updated. Knowing what’s in the proposal also gives you the opportunity to prepare in advance. Your comments are invited. Will what is proposed make your compliance easier, or harder?

The Questions and Answers which are some of the best guidance we have are nearly 10 years old. There will be new questions and new answers, in addition to some clarifications on existing Q&As. The proposed updated list will address several issues including: 

  • The escrow of flood insurance premiums; 
  • The detached structure exemption to the mandatory purchase of flood insurance requirement; and 
  • Force-placement procedures. 

In the 138 page document the agencies say the proposed list also revises Q&As from the existing document to improve clarity and reorganize by topic.

We will also discuss briefly the state of enforcement actions. Penalties are not slowing up so we will talk about the most commonly cited violations in the ocean of flood compliance. 


Instructor(s)

Andy Zavoina

Mr. Andy Zavoina, CRCM, is an Executive Vice President with the Glia Group, Inc., best known for its involvement with BankersOnline.com. He joined Glia and BOL in 2003. Mr. Zavoina has been in finance and banking for 35 years. Over 20 years were with a two-bank holding company that had $534 million in assets, 89 branches spanning Texas and nearly 500 ATMs. He has done loan workouts, has been a consumer, commercial and real estate lender and managed those departments, as well as being his banks first Webmaster. He was responsible for compliance -management, -auditing, and -training for both banks. Mr. Zavoina is a recipient of the American Bankers Association’s Distinguished Service Award for his involvement and accomplishments in the field of regulatory compliance management. He is a past Chairman of the ABA’s Compliance Executive Committee, the Editorial Advisory Board for the ABA Compliance Magazine and served as a member of the ABA’s Compliance School Board. He is a BankersOnline Guru. He also served on the Texas Bankers Association's Compliance Committee. He is a graduate of the ABA National Commercial Lending School, National Compliance and National Graduate Compliance School and is a Certified Regulatory Compliance Manager with the Institute of Certified Bankers. He has written articles and lectured on compliance, the use of the internet and technology as a tool, as well as compliance in cyberspace to local, state and national associations across the U.S. and teaches basic compliance and compliance management. You can reach Andy on the Internet by using his e-mail address, andyz@bankersonline.com, or visiting http://www.bankersonline.com.

Course curriculum

  • 1

    Webinar

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