Calendar of Events
Flood Insurance Coverage Issues
A web based seminar
Thursday, August 9, 2007
2:30 - 4:30
Who Should Attend?
The program is designed for loan officers, compliance officers, loan secretaries and clerks and auditors. It is presented at the basic level.
CE Applied: 2.5 hrs. CRCM/CLBB/CPB w/the Institute of Certified Bankers
2:30 p.m. Seminar Begins
4:00 p.m. Questions & Answers
4:30 p.m. Seminar Adjourns
The program provides the information needed to assure ongoing compliance with the law. Participants receive a detailed manual that serves as a handbook long after the program is completed. In recent years, examiners from all agencies have been "targeting" the flood insurance area during compliance exams. In many cases penalties have been imposed. Frequently the violations subject to penalties involve an inadequate amount of flood insurance or other coverage issues. This seminar covers all of the rules regarding flood insurance coverage. To gain a better understanding of the ramifications of an incomplete understanding of this material, visit the following website: www.bankersonline.com/compliance/floodcmps.html. If you are on the list, then you understand the importance. If you are not on the list, this program is designed to keep you off the list.
Upon completion of the program, participants understand:
How much coverage is needed for different types of properties, including:
a single condo unit in a high-rise condo;
a piece of commercial property with multiple and varied buildings located on the property;
a construction loan secured by a lot and the home that is to be constructed;
a loan secured by a large valuable piece of agricultural property that has a small barn located on it;
The different types of flood policies and what type is needed for a particular loan;
What is and is not covered by a flood policy; and
What is required by law, and more importantly, what is needed to protect the bank's interest in a loan?
Jack Holzknecht, a principal with Pegasus Educational Services, LLC, has provided training to thousands of bankers and examiners for 25 years. Jack's career began as a federal bank examiner. He also headed the form and software division of a regional consulting company and spent 7 years in charge of their education division. Jack has been an instructor at compliance schools presented by the Kentucky, Pennsylvania, New York and Texas bankers associations. He also developed and delivered training for the FDIC and OTS.
Refunds will be given only for cancellations received prior to the program. If your bank is unable to participate after registering, you can also select to receive a CD of the seminar at no additional charge. For more information, please contact Courtenay Pope at (404) 420-2015.
Registration Fee: $250 per site license
New Free 30-Day Online Seminar - all seminars are archived and available for review within 5 working days of the broadcast. Participants will receive a URL providing unlimited access to the presentation for 30 days. This enables you to participate in the live webinar, train additional staff and review the material as needed.
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