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2019-02-20
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Loans in Areas Having Special Flood Hazards
Rules and Regulations
D09002ee1bdb7b0ba
D09002ee1bdb7b180
United States
Department of the Treasury
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org
United States Government Agency or Subagency
United States
Office of the Comptroller of the Currency
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United States Government Agency or Subagency
United States
Federal Reserve System
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United States Government Agency or Subagency
United States
Federal Deposit Insurance Corporation
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United States Government Agency or Subagency
United States
Farm Credit Administration
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United States Government Agency or Subagency
United States
National Credit Union Administration
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United States Government Agency or Subagency
The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Board), the Federal Deposit Insurance Corporation (FDIC), the Farm Credit Administration (FCA), and the National Credit Union Administration (NCUA) are amending their regulations regarding loans in areas having special flood hazards to implement the private flood insurance provisions of the Biggert-Waters Flood Insurance Reform Act of 2012 (Biggert-Waters Act). Specifically, the final rule requires regulated lending institutions to accept policies that meet the statutory definition of ``private flood insurance'' in the Biggert-Waters Act; and permits regulated lending institutions to exercise their discretion to accept flood insurance policies issued by private insurers and plans providing flood coverage issued by mutual aid societies that do not meet the statutory definition of ``private flood insurance,'' subject to certain restrictions.
84 FR 4953
https://www.govinfo.gov/app/details/FR-2019-02-20/2019-02650
2019-02650
fr20fe19-2
RIN 1557-AD84
RIN 7100 AE22
RIN 3064-AE50
RIN 3052-AC93
RIN 3133-AE64
Docket ID OCC-2014-0016
Regulation H, Docket No. R-1498
https://www.govinfo.gov/app/details/FR-2019-02-20/2019-02650
https://www.govinfo.gov/content/pkg/FR-2019-02-20/html/2019-02650.htm
https://www.govinfo.gov/content/pkg/FR-2019-02-20/pdf/2019-02650.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
Reporting and Recordkeeping Requirements
23 p.
4953
4975
84 FR 4953
Code of Federal Regulations
Title 12 Part 172
12 CFR Part 172
Code of Federal Regulations
Title 12 Part 208
12 CFR Part 208
Code of Federal Regulations
Title 12 Part 22
12 CFR Part 22
Code of Federal Regulations
Title 12 Part 339
12 CFR Part 339
Code of Federal Regulations
Title 12 Part 614
12 CFR Part 614
Code of Federal Regulations
Title 12 Part 760
12 CFR Part 760
Regulation Identification Number 1557-AD84
RIN 1557-AD84
Regulation Identification Number 7100 AE22
RIN 7100 AE22
Regulation Identification Number 3064-AE50
RIN 3064-AE50
Regulation Identification Number 3052-AC93
RIN 3052-AC93
Regulation Identification Number 3133-AE64
RIN 3133-AE64
Loans in Areas Having Special Flood Hazards; Federal Register Vol. 84, Issue
RULE
2019-02650
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
2019-07-01
Docket ID OCC-2014-0016
Regulation H, Docket No. R-1498
2019-02650
Final rule.
The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Board), the Federal Deposit Insurance Corporation (FDIC), the Farm Credit Administration (FCA), and the National Credit Union Administration (NCUA) are amending their regulations regarding loans in areas having special flood hazards to implement the private flood insurance provisions of the Biggert-Waters Flood Insurance Reform Act of 2012 (Biggert-Waters Act). Specifically, the final rule requires regulated lending institutions to accept policies that meet the statutory definition of ``private flood insurance'' in the Biggert-Waters Act; and permits regulated lending institutions to exercise their discretion to accept flood insurance policies issued by private insurers and plans providing flood coverage issued by mutual aid societies that do not meet the statutory definition of ``private flood insurance,'' subject to certain restrictions.
This rule is effective on July 1, 2019.
OCC: Rhonda L. Daniels, Compliance Specialist, Compliance Policy Division, (202) 649-5405; Sadia Chaudhary, Counsel, (202) 649-6350, Heidi M. Thomas, Special Counsel, or Melissa Lisenbee, Senior Attorney, (202) 649-5490, Chief Counsel's Office. For persons who are hearing impaired, TTY, (202) 649-5597.
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
Reporting and Recordkeeping Requirements
Loans in Areas Having Special Flood Hazards
,
nchoudnury@fdic.gov
sho@fdic.gov
https://www.federalreserve.gov/data/mortoutstand/current.htm
https://www.fema.gov/policy-claim-statistics-flood-insurance
www.reginfo.gov
Federal Register
Vol. 84, no. 34
Office of the Federal Register, National Archives and Records Administration
2019-02-20
continuing
daily
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397 p.
Table of Contents:
AE 2.7:
GS 4.107:
AE 2.106:
KF70.A2
https://www.govinfo.gov/app/details/FR-2019-02-20
P0b002ee19f6f84d7
0097-6326
0042-1219
0364-1406
769-004-00000-9
000582072
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https://www.govinfo.gov/app/details/FR-2019-02-20
https://www.govinfo.gov/content/pkg/FR-2019-02-20/pdf/FR-2019-02-20.pdf
https://www.govinfo.gov/content/pkg/FR-2019-02-20/xml/FR-2019-02-20.xml
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4949
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DGPO
2019-02-20
2023-04-28
FR-2019-02-20
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FR-2019-02-20
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