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Flood Insurance Rules - Ain't No Sunshine
Webinar
11 AM CT
Presenter(s): Kenneth Agle
Duration: 1 hour
Pricing:
$299 - Live, Download or CD
$249 - (for Affiliation Members)
$349 - Live + Download or Live + CD
The National Flood Insurance Program, which faced a September 30, 2011 sunset date has been renewed for another 5 years, through 2016. As with most renewed regulations, you can expect some deep changes that will undoubtedly weigh heavily on the compliance efforts of insured financial institutions. Now more than ever, failing to dot the “i’s” and cross the “t’s” of this rather complex regulation can be more than just a nuisance, it can mean financial penalties and intense regulatory scrutiny and that is without a triggering event for your customers affected by the regulation. Should such an event occur and you haven't properly prepared, the impact can be disastrous.
Our expert can help you prepare for the upcoming changes within the program as well as your next regulatory examination during which your examiner will be scrutinizing both the substance and form of your compliance efforts. This session will provide:
- A presentation of the proposed/enacted changes from the legislation and how they may affect your program efforts.
- A thorough overview of the regulations, the requirements, the interagency questions and answers, and revisions.
- The nuances of Flood Insurance and why these are often the most crucial for your bank.
- The proper way to complete various forms to avoid common violations.
- Guidance on the most common and uncommon technical and substantive violations and how to avoid them.
- Key program weaknesses and how they undermine Flood Insurance coverage and what your institution can do to avoid those weaknesses.
- Actions your institution can take to promote a positive outcome from your flood insurance examination.
BIO: Kenneth Agle
As President/CEO of Counter Risk Group, Mr. Agle brings over 20 years of banking experience covering numerous facets of banking operations. Mr. Agle specializes in strategic regulatory response and in developing and implementing both proactive and reactive tools and systems to preempt and resolve issues affecting today’s financial institution. Prior to launching his own consulting firm, Mr. Agle had been a bank examiner with the FDIC. As a commissioned examiner, Mr. Agle was principally involved in numerous examinations, including Safety and Soundness, Compliance, BSA, IT and Trust.
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