speakers 

Richard J. Andreano, Jr.
Marc D. Patterson

Program

Get the information you need to navigate the complexities of flood insurance requirements.

The U.S. National Flood Insurance Program has been in a constant state of flux ever since it was revealed in the wake of Hurricane Katrina that it had a $24 billion debt load with a potential $1.2 trillion in exposure. As a result, Congress has passed several pieces of legislation, most recently the Homeowner Flood Insurance Affordability Act, that have altered the laws governing flood insurance premiums, forced placed insurance, and the broad requirements for the escrowing of funds to pay flood insurance premiums. These laws, combined with the new mortgage-related rules issued by the Consumer Financial Protection Bureau, have made navigating flood insurance requirements for mortgage lenders and servicers more complex and burdensome than ever before.

Join us for an overview of flood insurance laws and a discussion on the legal and practical implications the Homeowner Flood Insurance Affordability Act will have on the entire industry.

learning objectives

  • You will be able to review the Biggert Waters Flood Insurance Reform Act of 2012. 
  • You will be able to discuss the response to the Biggert Waters Act. 
  • You will be able to explain the Homeowner Flood Insurance Affordability Act of 2014. 
  • You will be able to discuss the impact on mortgage lenders and servicers. 

Click here for more information.

Related Practice

Mortgage Banking