Loans in Areas Having Special Flood Hazards

22 organizations filed 24 public comments on Loans in Areas Having Special Flood Hazards, at the Office of the Comptroller of the Currency. The comment window closed 4593d ago.

Abstract

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 proposing to amend their regulations regarding loans in areas having special flood hazards to implement provisions of the Biggert-Waters Flood Insurance Reform Act of 2012. Specifically, the proposal would establish requirements with respect to the escrow of flood insurance payments, the acceptance of private flood insurance coverage, and the force-placement of flood insurance. The proposal also would clarify the Agencies' flood insurance regulations with respect to other amendments made by the Act and make technical corrections. Furthermore, the OCC and the FDIC are proposing to integrate their flood insurance regulations for national banks and Federal savings associations and for State non-member banks and State savings associations, respectively.

Commenters (22)

• National Association of Insurance Commissionerstrade assoc.

  2 filings · confidence 85%
• National Association of REALTORStrade assoc.

  2 filings · confidence 85%
• American Consumer Institute & National Taxpayers Uniontrade assoc.

  1 filing · confidence 85%
• American Insurance Associationtrade assoc.

  1 filing · confidence 85%
• CBA & ABA Insurance Associationtrade assoc.

  1 filing · confidence 85%
• Collinsville Building & Loan Associationtrade assoc.

  1 filing · confidence 85%
• Consumer Federation of Americatrade assoc.

  1 filing · confidence 85%
• Consumer Mortgage Coalitiontrade assoc.

  1 filing · confidence 85%
• INDEPENDENT BANKERS ASSOCIATION OF TEXAStrade assoc.

  1 filing · confidence 85%
• International Underwriting Association of Londontrade assoc.

  1 filing · confidence 85%
• Massachusetts Bankers Associationtrade assoc.

  1 filing · confidence 85%
• Mortgage Bankers Associationtrade assoc.

  1 filing · confidence 97%
• National Flood Determination Associationtrade assoc.

  1 filing · confidence 85%
• Nebraska Bankers Associationtrade assoc.

  1 filing · confidence 85%
• Pennsylvania Bankers Associationtrade assoc.

  1 filing · confidence 85%
• Property Casualty Insurers Association Of Americatrade assoc.

  1 filing · confidence 85%
• Regions Financial Corporationunverified attribution

  1 filing · confidence 70%
• Reinsurance Association of Americatrade assoc.

  1 filing · confidence 85%
• South Carolina Bankers Associationtrade assoc.

  1 filing · confidence 85%
• The Louisiana Bankers Associationtrade assoc.

  1 filing · confidence 85%
• Third Federal Savings & Loan Associationtrade assoc.

  1 filing · confidence 85%
• Wisconsin Bankers Associationtrade assoc.

  1 filing · confidence 97%