|
FLOOD DISASTER PROTECTION ACT
Course Description
This
course 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.
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
Credit
ICB: 1.0
Prerequisites
There are no prerequisites for this course. However, a familiarity
with general banking practices, either in deposit, operations, or
lending functions is valuable.
Delivery Methods
This course is available in the following formats:
|
