![]() #Susannah flood partner how to#In this article we discuss where the data shows that banks are getting it wrong, and how to use that analysis to mitigate potential errors in your own compliance program. When should a review of flood coverage start? Which structures need coverage, and for how much? Are contents included? When should notices be sent to customers? When is force-placed insurance required? And when should it be canceled? What refunds, if any, are banks and customers entitled to from insurance companies? When does the review need to be repeated?Īll these questions and more lie at the heart of regulatory requirements and bank compliance. Here’s the problem: The overall simplicity of flood regulations belies a great deal of complexity. Yet for all of this effort, and despite the fact that the program has been in existence for nearly 50 years, banks routinely receive reprimands, violations, and fines from regulators. Additionally, banks partner with third-party companies in order to get things right. Banks spend much time, effort, and money creating programs, policies, and procedures that will keep them on the right side of the law. Since every transaction needs a flood determination pulled at the time of origination, flood insurance and related Flood Disaster Protection Act (FDPA) regulations come up routinely. The amount of required insurance is the lesser of the outstanding balance or credit limit on any loan(s), the property’s replacement value, or the maximum amount of insurance that can be obtained for that type of structure under the National Flood Insurance Program (NFIP). Few think about how that complexity is very simple at the source: All eligible structures in a high-risk flood zone are required to have flood insurance, with very few exceptions. Channel Seven has produced documentaries of The Genevieve 500 and the visit to Russia.Everyone working in commercial and residential real estate lending and servicing is aware of flood regulations and the complexity they bring to originating and managing a loan secured by real estate. In December 1995 Susannah was a part of the first western camera crew allowed into Russia to film the Kremlin and the priceless Faberge egg collection. In April 1994 Susannah was part of a team sent to South Africa to report the historic first all-race elections. In November 1992 she was co-driver of the Darracq "Genevieve" for the Genevieve 500 - a history making road race from Perth to Albany. Over the years Susannah has been a part of a number of special projects for TVW 7. Susannah has been recognised with many awards including a Logie for most popular female personality in W.A., W.A.'s favourite newsreader from a poll in the West Australian magazine, and four Clear Speech awards. Now an integral part of the Seven Nightly News team, Susannah has achieved outstanding success on commercial television. In November 1984, Susannah was asked to join the revamped Seven National News which was going to air at 6pm instead of the 6.30pm time slot it had occupied for over 20 years. #Susannah flood partner tv#Other facets of work at the ABC included TV weather, compering classical music concerts for broadcast, live television commentary of events such as royal visit, and anchoring election coverages. ![]()
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