Regulators requested public comment on new and revised interagency questions and answers on flood insurance.
Agencies propose revised flood insurance Q&As
June 29, 2020 / By ICBA
Regulators requested public comment on new and revised interagency questions and answers on flood insurance.
Regulators requested public comment on new and revised interagency questions and answers on flood insurance. The agencies are proposing new Q&As to account for their joint rule regarding loans in special flood hazard areas.
The new Q&As, which have a 60-day comment period, relate to the escrow of flood insurance premiums, the detached structure exemption to the mandatory purchase of flood insurance requirement, and force-placement procedures. The agencies said they will separately propose new Q&As on the private flood insurance requirements of their February 2019 final rule.
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