Program Description:
This AIB 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.
After successfully completing this course, the student 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
Who Should Attend:
Frontline employees involved in the lending process,
including mortgage, consumer and small business
lenders, loan processors and loan servicing personnel.
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