B2B Flood Insurance Insurable Value and Forced Place Requirements

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CE Credits:  CRCM 1.25


This webinar will provide an overview of flood regulatory requirements. The webinar will discuss the rules for when the rule is triggered and the exceptions to the rule. Additionally, it will cover the procedure for determining the insurable value and the notice requirements when force placing flood insurance.

3 Key Take-aways:

– Learn about when the flood regulations apply, including when it is exempt
– Detail the minimum flood insurance amounts
– Clarify the procedure for force placing flood insurance and when the bank is allowed to charge the borrower.

People who should attend: Branch Staff, Account Opening Staff, Lending Staff, and Compliance Officer/Staff, Staff addressing and responding to requests from customers who serve in the United States military or their families.

Presenter: Daniel J. Baker, Compliance Officer

Daniel J. Baker serves C/A as a Compliance Officer. He attended Michigan State University College of Law. During law school, he worked in a variety of compliance and legal positions for software companies, and Allpine Title. He also holds a Bachelor of Science in Business Management from Utah Valley University. 

Most recently, he worked for a local law firm based in Temple, TX. Before law school, Daniel worked in various jobs within the financial sector, including a supervisor role at TCF Bank and as a Private Client Banker for JPMorgan Chase Bank. In addition to his professional career, He’s developed and conducted hundreds of seminars and educational classes based on financial independence, as well as a host of other topics.