What lenders most commonly trip on (and examiners impose civil money penalties for) are the flood insurance regulations basics. During this two-hour Webinar, we will do a deep dive into those basics, discuss the timely issue of what exactly lenders should do during an NFIP lapse, as well as discuss the most-pressing issues in connection with the mandatory purchase requirements (including contents coverage), force placement, and escrow requirements. It’ll be a Webinar that mortgage and commercial real estate lenders shouldn’t miss!

 

 

It is important from a compliance and legal risk perspective to properly document your deposit customers and to understand who is authorized to act on their behalf. Customer Identification Program (CIP) and Beneficial Ownership Certification requirements under the Bank Secrecy Act impose specific regulatory requirements for identifying and documenting new deposit customers. IRS information reporting for interest bearing accounts also triggers the need for W-9 or W-8 certifications. We will discuss account documentation in a way that will help you understand the institution’s regulatory requirements and better position the institution from a risk perspective. This Webinar will be a helpful learning experience for both seasoned and less-experienced new accounts personnel.