In May 2022, the joint regulators issued final revised Questions and Answers on flood insurance for the first time in nearly 10 years. In this session, Wright will highlight the Q&A guidance that most impacts lender compliance with the mandatory purchase obligation. We will also discuss the potential for claims and litigation against lenders from borrowers regarding the mandatory purchase obligation. Finally, we will save time to address YOUR questions regarding flood insurance compliance—so bring your questions!
For more information, view the agenda.