Webinar: Flood: Auditing for FDPA Compliance
April 1, 2025 3:00 pm - 4:30 pm
A critical component of a compliance management system is effective auditing.
This webinar will provide tools to review all types of flood policies, notices, timing requirements, and force-placement procedures along with resources for when a deeper dive is needed. Join us for this session to ensure your audit procedures are FDPA compliant.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Verify notices were provided in a timely manner
- Ensure the SFHDF was obtained on all relevant collateral
- Analyze a private flood policy
- Calculate the minimum amount of required flood insurance
- Determine if the detached-structure exemption was used appropriately
- Recognize examiner-identified force-placement exceptions
- Cross reference internal flood tracking with life of loan provider records
- Document compliance testing with the numerous checklists provided
WEBINAR DETAILS
Violations of the Flood Disaster Protection Act (FDPA) continue to draw civil money penalties. Therefore, it is critical to periodically review policies and procedures to ensure FDPA compliance. Whether you are specifically auditing for compliance with the Act or responsible for performing the identified flood-related tasks, this webinar will provide critical assistance.
FDPA compliance involves unique mathematical calculations for each loan and also very specific, timely communications. Join us to learn how to test for accurate calculations, including when the collateral involves different types of structures, multiple liens, and the option to use a coverage exemption. Not only will tools be provided to aid in documenting individual loan testing, but this program will also explain what should be reviewed for seasoned loans located in a special flood hazard area, including force-placement requirements.
WHO SHOULD ATTEND?
This informative session is designed for risk officers, compliance officers, auditors, loan review staff, and anyone responsible for compliance with the FDPA, including lenders and loan processing personnel.
TAKE-AWAY TOOLKIT
- Flood insurance calculation worksheet
- Force-placement transactional review checklist
- Special flood hazard area loan worksheet
- Private flood insurance policy checklist
- Flood notice content checklist
- Flood FAQs
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
Speaker: Molly Stull, Brode Consulting Services, Inc.
Molly Stull began her career as a teller while working on her undergraduate degree and has continued working in the financial industry ever since. She has experienced the growth of a hometown bank, branch mergers, charter changes, name changes, etc. Molly has activated business resumption plans, performed secondary market quality control reviews, processed wires, filed SARs, and coordinated reviews with external auditors and examiners. Her favorite role has always been educating staff and strongly believes that if staff understands the reason for a process they will be more compelled to follow the procedures. Molly holds a bachelor’s from the University of Akron and an MBA from Ashland University.