New Flood Insurance Q&As Finalized

Be sure to JOIN US for our webinar, “New Flood Insurance Q&As Finalized”.

On May 11, 2022, the Agencies released revised and reorganized Flood Insurance Q&As, 144 of them to be exact! The Q&As address some areas that have changed since they were first put together, such as:

  • Escrow Requirements;
  • Detached Structure Exemptions;
  • Force-Placement; and,
  • Private Flood Insurance.

Cross-collateralization and its effect on flood insurance have been a hot topic for about a year now, especially if you are an FDIC-regulated institution. While the Q&As don’t come right out and address the cross-collateralization point-blank, they do in a roundabout sort of way.

Jerod addressed this at our May Monthly Connection (see video). You can also read about it in our June edition of Banking on BCC.

 

Flood Insurance Resources!

Published
2022/06/06
Jerod Moyer

Jerod Moyer

Jerod is the leader of Banker’s Compliance Consulting’s training productions. He is a nationally recognized speaker. Whether it’s a conference, seminar, school, webinar or luncheon, it’s easy to stay engaged when he presents due to the amount of passion and energy he brings to each and every compliance topic. Jerod has spoken on behalf of the American Bankers’ Association, BankersOnline, many state banking associations, private compliance groups and financial institutions. He is a Certified Regulatory Compliance Manager (CRCM) and BankersOnline Guru. Jerod likes to spend his time (between reading regulations and producing compliance training!) relaxing at the lake with his wife and three children, following their activities or engaged in something sports-related!

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