Covered With Life of Loan Coverage?

Flood compliance is an ever-present hot button for regulators. Many
financial institutions feel the easiest requirement to follow is its
monitoring component. This is the responsibility of the vendor that
provides the life of loan coverage. The responsibility of the financial
institution is only to verify that it is included in the contract with the
third party and verify the determination is not older than seven years.
Simple, right? Not exactly.

Average Rating:

Length: 1 pages (PDF 51 kB)

Download PPT