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Course description

Flood compliance is complicated!  The rules themselves are complex, and the details of each situation bring a torrent of different requirements to get right.  The spectrum of issues is massive!  Plus, much is at stake – floods cause catastrophic damage, taking a toll on your borrower’s property, your collateral, and your compliance program.

The regulatory agencies, recognizing how broad and complex these issues are, began in 1997 to issue Interagency Q&As on the technical requirements of Federal flood insurance laws.   Over the years, the Interagency Q&A have been amended, expanded and updated, with 2011 bringing the most recent and long-standing Guidance… until now.

Much has happened in the past 11 years in the flood world, and there have been some major developments to understand.  Not only was there the Biggert-Waters Flood Insurance Reform Act of 2012 and the Homeowner Flood Insurance Affordability Act of 2014, but now FEMA is rolling out Risk Rating 2.0.  All three of these actions have a direct impact on the Q&As.

This newest installment of the Q&As address those changes.  Significant updates addressed by the revisions include:

  • Escrow of flood insurance premiums
  • The detached structure exemption
  • Force placement procedures
  • The acceptance of private flood insurance

In addition, the Q&As have been reorganized and are now divided into 19 topic categories.  The reorganization was made to follow a better logical flow through the flood insurance process, as well as provide a completely new system of numbering of the Q&As.  (So what you previously may have remembered as “Question #37” or “Answer #40” no longer exists!)  

But wait, there’s more!   Some of the Q&As have had portions of existing answers completely disappear, and brand-new Q&As have been added too.

The Agencies intend for the Q&As to provide meaningful guidance to help lenders meet their regulatory responsibilities.  However, they did make a crucial distinction:  They “are providing the interagency questions and answers as guidance only”, and they do not serve as the basis for supervisory action.  This is great news for lenders!  The Guidance offers practical advice, without setting a standard for violations.  Superb!

Join this 2-hour webinar to get the facts about this signification Guidance.  You will come away better informed and prepared to manage your flood compliance program.  You may need to update bank policies and procedures to align with this Guidance – some answers provide relief to creditors!

What you’ll gain from attending this webinar:

  • A clear understanding of the Q&A’s new organization and numbering system
  • The ability to quickly research and find the information you need in the Q&As
  • A summary of what changed
  • A listing of what was added
  • All 144 new and updated Q&As
  • An overview of Risk Rating 2.0
  • Better certainty on private flood insurance policy acceptance 
  • A measure of relief on force placement management
  • Confidence on the detached structure exemption – when it is allowed, what it applies to
  • A better grasp of regulatory expectations for determining insured value 

All of these topics will be presented from the perspective and real-life experience of a veteran compliance pro (25 years!) who, like you, is currently working in the trenches of her bank as the voice of compliance.



Compliance staff, loan administration / production staff, mortgage loan staff, loan policy makers, loan officers and audit staff.


Rebekah Leonard

Rebekah is the owner of Elucidate LLC, a compliance training and consulting company. Elucidate means to "make clear, explain, throw light upon", and describes Rebekah's desire to illuminate the complexities of compliance with passion and fun. She's created and produced a TRID music video parody and several Compliance Breakout escape rooms, which she frequently provides at state banking compliance conferences. She is an accomplished speaker and regularly provides webinars through BOL and Compliance Resource. Rebekah is currently serving as the VP Director of Compliance for a $6 Billion community bank in Montana. She began her career in 1995 at a private lending company, but soon settled into banking, where she's covered nearly all of it - customer service and teller work, loan processing and review, and security and business continuity. She now oversees CRA, BSA and all aspects of compliance as a senior leader. She has successfully navigated numerous FDIC Compliance, CRA, and BSA Exams. Rebekah has a bachelor's degree in Organizational Leadership from Chapman University (Magna cum Laude), attended the American Bankers Association National Compliance School in 2003, and has held her Certified Regulatory Compliance Manager designation since 2006.

Course curriculum

  • 1


    • Access Webinar

  • 2


    • Slides

    • Materials

    • Questions and Answers


4 star rating

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