United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2015_register executive 2018-02-23 article Part III Rules and Regulations D09002ee1c7f75837 D09002ee1c7f7591b United States Department of the Treasury originator org United States Government Agency or Subagency United States Office of the Comptroller of the Currency originator org United States Government Agency or Subagency United States Federal Reserve System originator org United States Government Agency or Subagency United States Federal Deposit Insurance Corporation originator org United States Government Agency or Subagency United States Farm Credit Administration originator org United States Government Agency or Subagency United States National Credit Union Administration originator org United States Government Agency or Subagency The Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Board), Federal Deposit Insurance Corporation (FDIC), the Farm Credit Administration (FCA), and the National Credit Union Administration (NCUA) (collectively, the Agencies) are amending their regulations regarding loans in areas having special flood hazards to implement certain provisions of the Homeowner Flood Insurance Affordability Act of 2014 (HFIAA), which amends some of the changes to the Flood Disaster Protection Act of 1973 mandated by the Biggert-Waters Flood Insurance Reform Act of 2012 (Biggert-Waters). Specifically, the final rule requires the escrow of flood insurance payments on residential improved real estate securing a loan, consistent with the changes set forth in HFIAA. The final rule also incorporates an exemption in HFIAA for certain detached structures from the mandatory flood insurance purchase requirement. Furthermore, the final rule implements the provisions of Biggert-Waters related to the force placement of flood insurance. Finally, the final rule integrates the OCC's flood insurance regulations for national banks and Federal savings associations. The Agencies plan to address the private flood insurance provisions in Biggert-Waters in a separate rulemaking. 80 FR 43216 https://www.govinfo.gov/app/details/FR-2015-07-21/2015-15956 2015-15956 fr21jy15-11 RIN 1557-AD84 RIN 7100 AE22 RIN 3064-AE27 RIN 3052-AC93 RIN 3133-AE40 4810-33-P; 6210-01-P; 6714-01-P; 6705-01-P; 7535-01-U Docket ID OCC-2014-0016 Regulation H, Docket No. R-1498 https://www.govinfo.gov/app/details/FR-2015-07-21/2015-15956 https://www.govinfo.gov/content/pkg/FR-2015-07-21/html/2015-15956.htm https://www.govinfo.gov/content/pkg/FR-2015-07-21/pdf/2015-15956.pdf Accounting Agriculture Banks Banking Confidential Business Information Crime Currency Federal Reserve System Securities Flood Insurance Mortgages National Banks Reporting and Recordkeeping Requirements Savings Associations Foreign Trade Rural Areas Credit Unions 48 p. 43216 43263 80 FR 43216 Title 12 Part 172 12 CFR Part 172 Title 12 Part 208 12 CFR Part 208 Title 12 Part 22 12 CFR Part 22 Title 12 Part 339 12 CFR Part 339 Title 12 Part 614 12 CFR Part 614 Title 12 Part 760 12 CFR Part 760 RIN 1557-AD84 RIN 7100 AE22 RIN 3064-AE27 RIN 3052-AC93 RIN 3133-AE40 Loans in Areas Having Special Flood Hazards; Federal Register Vol. 80, Issue RULE 2015-15956 III DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency FEDERAL RESERVE SYSTEM FEDERAL DEPOSIT INSURANCE CORPORATION FARM CREDIT ADMINISTRATION NATIONAL CREDIT UNION ADMINISTRATION 2015-10-01 Docket ID OCC-2014-0016 Regulation H, Docket No. R-1498 4810-33-P; 6210-01-P; 6714-01-P; 6705-01-P; 7535-01-U 2015-15956 Final rule.

The Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Board), Federal Deposit Insurance Corporation (FDIC), the Farm Credit Administration (FCA), and the National Credit Union Administration (NCUA) (collectively, the Agencies) are amending their regulations regarding loans in areas having special flood hazards to implement certain provisions of the Homeowner Flood Insurance Affordability Act of 2014 (HFIAA), which amends some of the changes to the Flood Disaster Protection Act of 1973 mandated by the Biggert-Waters Flood Insurance Reform Act of 2012 (Biggert-Waters). Specifically, the final rule requires the escrow of flood insurance payments on residential improved real estate securing a loan, consistent with the changes set forth in HFIAA. The final rule also incorporates an exemption in HFIAA for certain detached structures from the mandatory flood insurance purchase requirement. Furthermore, the final rule implements the provisions of Biggert-Waters related to the force placement of flood insurance. Finally, the final rule integrates the OCC's flood insurance regulations for national banks and Federal savings associations. The Agencies plan to address the private flood insurance provisions in Biggert-Waters in a separate rulemaking.

The effective date of amendatory instructions 1, 6, 7, 8, 10, 15, 16, 21 and 22 is October 1, 2015. The effective date of amendatory instructions 2, 3, 4, 5, 9, 11, 12, 13, 14, 17, 18, 19, 20, 23, 24, 25, and 26 is January 1, 2016. OCC: Rhonda L. Daniels, Compliance Specialist, Compliance Policy Division, (202) 649-5405; Margaret C. Hesse, Senior Counsel, Community and Consumer Law Division, (202) 649-6350; or Heidi M. Thomas, Special Counsel, Legislative and Regulatory Activities Division, (202) 649- 5490, for persons who are deaf or hard of hearing, TTY, (202) 649-5597, Office of the Chief Counsel. Board: Lanette Meister, Senior Supervisory Consumer Financial Services Analyst (202) 452-2705; Vivian W. Wong, Counsel (202) 452-3667, Division of Consumer and Community Affairs; or Daniel Ericson, Counsel (202) 452-3359, Legal Division; for users of Telecommunications Device for the Deaf (TDD) only, contact (202) 263-4869. FDIC: Navid Choudhury, Counsel, Consumer Compliance Section, (202) 898- 6526, Legal Division; or John Jackwood, Senior Policy Analyst, (202) 898-3991, Division of Depositor and Consumer Protection. FCA: Paul K. Gibbs, Senior Accountant, Office of Regulatory Policy (703) 883-4203, TTY (703) 883-4056; or Mary Alice Donner, Senior Counsel, Office of General Counsel (703) 883-4020, TTY (703) 883-4056. NCUA: Frank Kressman, Associate General Counsel, Office of General Counsel, (703) 518-6540. Accounting Agriculture Banks Banking Confidential Business Information Crime Currency Federal Reserve System Securities Flood Insurance Mortgages National Banks Reporting and Recordkeeping Requirements Savings Associations Foreign Trade Rural Areas Credit Unions Loans in Areas Having Special Flood Hazards , comments@FDIC.gov OCIOPRA@ncua.gov oira_submission@omb.eop.gov regs.comments@occ.treas.gov http://www.fdic.gov/regulations/laws/federal/ http://www.ncua.gov/Legal/Documents/InteragencyIncreasedCoverageGuidance.pdf http://www.regulations.gov www.fema.gov www.reginfo.gov Vol. 80, no. 139 Office of the Federal Register, National Archives and Records Administration 2015-07-21 continuing daily deposited born digital 300 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2015-07-21 P0b002ee1988a7a06 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr21jy15 https://www.govinfo.gov/app/details/FR-2015-07-21 https://www.govinfo.gov/content/pkg/FR-2015-07-21/pdf/FR-2015-07-21.pdf https://www.govinfo.gov/content/pkg/FR-2015-07-21/xml/FR-2015-07-21.xml fdlp 43007 43297 DGPO 2018-02-23 2024-06-02 FR-2015-07-21 machine generated eng FR FR-2015-07-21 80 139