Flood Disaster Protection Act provides an overview of the requirements for processing transactions covered by this Act. Students will gain an understanding of the coverage requirements and exemptions, and the disclosures required in these transactions.
| Price |
$130 Nonmembers / $95 Members |
| Course Credits |
AIB: 0 ; ICB 1.0 (CRCM) |
| Prerequisites |
None |
| Required Software |
None |
| Optional Software |
Adobe Acrobat Reader and RealPlayer |
Audience
Frontline employees involved in the lending process, including mortgage, consumer and small business lenders, loan processors and loan servicing.
Learning Objectives
After completing this course, students will be able to:
- Explain the purpose of the National Flood Insurance Program
- Explain when a flood determination must be made
- Describe the types of loans subject to flood insurance
- Explain the bank's responsibilities for ensuring flood insurance is in place
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