|Title:||Loans in Areas Having Special Flood Hazards; Interagency Questions and Answers Regarding Flood Insurance|
|Agency:||FDIC, Federal Reserve, NCUA, OCC|
|Status:||Notice and request for comment|
The OCC, Board, FDIC, FCA, and NCUA (collectively, the Agencies) propose to reorganize, revise, and expand the Interagency Questions and Answers Regarding Flood Insurance and solicit comment on all aspects of the amendments. To help lenders meet their responsibilities under Federal flood insurance law and to increase public understanding of their flood insurance regulations, the Agencies have prepared proposed new and revised guidance addressing the most frequently asked questions and answers about flood insurance. Significant topics addressed by the proposed revisions include the effect of major amendments to flood insurance laws with regard to the escrow of flood insurance premiums, the detached structure exemption, and force-placement procedures.
|Date proposed:||June 26, 2020|
|Comments due date:||Sept. 4, 2020|
|Rule compliance date:|
|Related Reg Report item(s):||Agencies propose updating flood insurance Q&As reflecting rule changes|