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Air Date: June 2nd, 2020
CE Credits: CRCM 1.25, CLBB 1.25
Description: This webinar will give you an introductory look at the requirements of the Flood Disaster Protection Act. The FDPA governs federally regulated financial institutions making, increasing, extending or renewing loans secured by improved real estate or real property. We will discuss the requirement to purchase flood insurance, when available, what exemptions apply, a breakdown of the NFIP coverage requirements, along with flood determinations and required notices and forms. This webinar will also cover insurable value breakdown requirements, force placed insurance requirements, and the recent private flood insurance changes.
People who should attend: Board of Directors, Senior Management, Lending Staff (consumer and commercial), Compliance Officer/staff.
Presenter: Steve Manderscheid, Compliance Officer
Steve Manderscheid brings over 25 years of financial industry experience to the Compliance Alliance team. Previously, he focused on all aspects of regulatory compliance risk management while also serving in a Bank Secrecy Act officer capacity. In recent years, he has ventured into leadership roles in enterprise-wide risk management (ERM), complaint management, and vendor and third-party relationships.
In his role as Compliance Officer, Steve brings all of his experience to completing reviews, and working on developing tools, training materials, and training events for our members.