Calendar of Events

Top 10 Most Frequent Flood Issues

01/30/2018, 10:00 AM to Noon

No location provided

Amy Davis adavis@msbankers.com 601-948-6366

Description:

Top 10 Most Frequent Flood Issues

 
Presented by Kelly M. Owsley and Jack Holzknecht
Tuesday, January 30th, 2018
10:00 am - 12:00 pm CT
 

Covered Topics

Upon completion of this program, participants understand:
  1. When flood insurance is required;
  2. How to determine the accurate amount of required insurance the borrower must purchase;
  3. What the purchase requirements are when multiple buildings are located on a property in a special flood hazard area;
  4. The proposed requirements for the mandatory acceptance of private flood insurance;
  5. The detached structure exemption and how to utilize it;
  6. The requirement to escrow flood insurance premiums and the exemptions allowed from the escrow requirements;
  7. The rules for force-placing flood insurance; 
  8. Whether increasing a loan balance due to force-placing flood insurance requires an escrow account to be established;
  9. What steps should be taken if a flood hazard determination does not mirror the special flood hazard area dictated by the insurance company; and
  10. How a financial institution should monitor those loans designated to be in a special flood hazard area.
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