Flood Deep Dive into the FAQs

9.29.26 | 2:30 PM EST

Instructor: Rebekah Leonard

Course Duration: 2 HR

What You'll Learn

Flood compliance is one of the most technical and frequently misunderstood areas of bank regulation, and the recently updated interagency Q&As brought significant changes that every compliance professional needs to understand. From revised organization and numbering to 144 new and updated entries, knowing where to find the right answer quickly is as important as knowing the answer itself. This course walks through exactly what changed, what was added, and what it means for your institution's flood compliance program. Topics include private flood insurance acceptance, force placement relief, the detached structure exemption, insured value determinations, and an overview of Risk Rating 2.0. Walk away with updated policies and procedures, greater confidence in your day-to-day flood decisions, and the certainty that comes from knowing your program reflects the latest regulatory expectations.

Topics covered in this course

Overview of the 2022 Interagency Flood Q&As and What Changed
New Organization, Topic Categories, and Numbering System
Escrow of Flood Insurance Premiums
The Detached Structure Exemption
Force Placement Procedures
Private Flood Insurance Acceptance
Risk Rating 2.0 and Its Impact on Flood Compliance

About the Author:

Rebekah Leonard

Rebekah is the owner of Elucidate LLC, a compliance training and consulting company. Elucidate means to "make clear, explain, throw light upon", and describes Rebekah's desire to illuminate the complexities of compliance with passion and fun. She's created and produced a TRID music video parody and several Compliance Breakout escape rooms, which she frequently provides at state banking compliance conferences. She is an accomplished speaker and regularly provides webinars through BOL and Compliance Resource. Rebekah is currently serving as the VP Director of Compliance for a $6 Billion community bank in Montana. She began her career in 1995 at a private lending company, but soon settled into banking, where she's covered nearly all of it - customer service and teller work, loan processing and review, and security and business continuity. She now oversees CRA, BSA and all aspects of compliance as a senior leader. She has successfully navigated numerous FDIC Compliance, CRA, and BSA Exams. Rebekah has a bachelor's degree in Organizational Leadership from Chapman University (Magna cum Laude), attended the American Bankers Association National Compliance School in 2003, and has held her Certified Regulatory Compliance Manager designation since 2006.

On-Demand Course