We're planning three back-to-back day-long conferences on bank cybersecurity issues, operations, and virtual currency. The agendas are in the formative stages, awaiting your input about the subjects you think our speakers should address. Won't you please take a moment to email the BOL Conferences team with your topic ideas so we can tailor the programs to meet the needs of the BOL community? Thanks for sharing your thoughts!
#1529518 - 03/31/1111:56 AMNon-Participating Community
I have a loan that is located in a flood hazard area and the community does not participate in the NFIP, can you require flood insurance on the property?
The customer purchased a flood policy and paid the full premium. The insurance company has rejected the policy for several different reasons. First they needed an elevation certificate. We provided that to them. Then we were notified that the community chose not to participate in the NFIP back in December 2010 and they could not write the policy and the customer would NOT be able to purchase a flood policy on the property.
What do I need to do to insure we are in compliance?