Force Placed Flood Insurance Article Updated

As many of you know, the Free Lending Tools page on our website has very useful tools and resources to help you on your lending compliance journey.  One of those resources is our “Flood Insurance Force Placement” article.  This article has been around for many years; however, with the private flood insurance rules taking effect on July 1, 2019, it was due for an update.  Be sure to check it out!

If you are still a little unsure about the private flood insurance requirements and what you need to do, check out our “New Private Flood Insurance Rules” webinar available now on demand.

Published
2019/11/14

Private Flood Insurance Checklist

Back in August, we added sample Private Flood Insurance Procedures to the free Lending Tools page of our website. 

These sample procedures were designed to give you a starting point or framework to help you develop procedures for your institution.  We encourage you to take these procedures and tweak as needed.

The procedures include a Private Flood Insurance Checklist that will help walk you through the process when a borrower presents you with a private flood insurance policy.

Listen to the video as Diane walks you through the checklist and gives some tips to assist you in the process.

Published
2019/10/23
Diane Dean

Want more FREE Lending Regulation TOOLS? Find them all here – https://store.bankerscompliance.com/link/LendingFD

Private Flood Insurance Procedures

Are the Private Flood Insurance requirements causing you headaches?  If so, we can help! 

Check out the Private Flood Insurance Procedures (with checklist) available now as a Free Download on our website! 

These are just a guide to get you started so feel free to take these procedures and customize them for your institution!

If you need more on these requirements, be sure to check out our New Private Flood Insurance Rules webinar that is available on-demand.

Published
2019/08/29
Diane Dean

Flood Insurance Extended for 6 Months

Well that was fast! Last Friday, we alerted you that the National Flood Insurance Program (NFIP), which was set to expire on May 31st, was extended for two weeks, until June 14th. Yesterday; however, the Senate’s disaster relief plan was given the green light by the House and, once the President signs, will extend the NFIP through September 30, 2019.

BSA Training and Banking Regulations Compliance Consulting Screen Shot 2019 06 05 at 9.29.58 AM 300x151 - Flood Insurance Extended for 6 Months

 

Our hope is that before September the powers that be will find a longer-term solution to keeping the NFIP afloat.

 

Stay tuned!

 

Published
2019/06/05

Flood Insurance Extended

For those of you that keep an eye on the never-ending saga of the National Flood Insurance Program (NFIP), we have some good news, some bad news and some kind of good news.

 

In case you missed it, the NFIP was set to expire today (May 31st); however, yesterday the House approved an extension to fund the NFIP (good news) … for two weeks (bad news).  So, they have until June 14th to come up with another plan.

 

The kind of good news is that the Senate does have a disaster relief package in the works which, if approved, will extend the NFIP for six months.  It’s not a long-term solution but we’ll have to take what we can get.

 

As always, stay tuned!!

 

Published
2019/05/31

Want to know more about Flood Insurance check out – https://www.bankerscompliance.com/banking-regulations-compliance-services/reviews-2/flood/