Joint Notice of Proposed Rulemaking on Loans in Areas Having Special Flood Hazards
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Joint Notice of Proposed Rulemaking on Loans in Areas Having Special Flood Hazards

Filetype[PDF-1.19 MB]



Details:

  • Publisher's site:
  • Description:
    The FDIC, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the National Credit Union Administration, and the Farm Credit Administration are issuing a joint notice of proposed rulemaking to amend their respective regulations regarding loans in special flood hazard areas. The proposed rule would implement certain provisions of the Biggert-Waters Flood Insurance Reform Act of 2012 regarding acceptance of private flood insurance, escrowing flood insurance payments, and force-placement of flood insurance. The proposal also would harmonize FDIC flood insurance regulations with the former Office of Thrift Supervision regulations for state savings associations. Public comments on the proposed rule will be accepted until December 10, 2013.
  • Format:
  • Release Date:
    10/21/2013
  • Update Date:
    11/26/2018
  • Withdrawn Date:
    12/01/2018
  • Agencies Involved:
    Federal Deposit Insurance Corporation (FDIC);Office of the Comptroller of the Currency (OCC);Board of Governors of the Federal Reserve System (The Fed);National Credit Union Administration (NCUA);
  • Fdic Employee Involved:
    John Jackwood;Navid Choudhury;
  • Law Involved:
    Biggert-Waters Flood Insurance Reform Act of 2012;Flood Disaster Protection Act of 1973;
  • Source:
    FDIC Website
  • Memorandum To:
    FDIC-Supervised Institutions
  • FIL Number:
    FIL-48-2013
  • Main Document Checksum:
  • File Type:

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