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Proposed RuleSignificant2020-140152020-07-06

Loans in Areas Having Special Flood Hazards; Interagency Questions and Answers Regarding Flood Insurance

Treasury Department, Comptroller of the Currency, Federal Reserve System, Federal Deposit Insurance Corporation, Farm Credit Administration, National Credit Union Administration

Abstract

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.

Action & Dates

Action
Notification and request for comment.
Dates
Comments on the proposed questions and answers must be submitted on or before September 4, 2020.

CFR References

Public Comment

Comments Close
2020-09-04

Document Excerpt

Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Department of the Treasury Office of the Comptroller of the Currency 12 CFR Part 22 [Docket ID OCC-2020-0008] Federal Reserve System 12 CFR Part 208 [Docket No. OP-1720] Federal Deposit Insurance Corporation 12 CFR Part 339 RIN 3064-ZA16 Farm Credit Administration 12 CFR Part 614 RIN 3052-AD42 National Credit Union Administration 12 CFR Part 760 RIN 3133-AF14 AGENCY: Office of the Comptroller of the Currency (OCC), Treasury; Board of Governors of the Federal Reserve System (Board); Federal Deposit Insurance Corporation (FDIC); Farm Credit Administration (FCA); National Credit Union Administration (NCUA). ACTION: Notification and request for comment. SUMMARY: 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. DATES: Comments on the proposed questions and answers must be submitted o

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Related Documents

Other Federal Register documents from the same docket.

Full Document

Citation: 85 FR 40442