Loans in Areas Having Special Flood Hazards (Homeowner Flood Insurance Affordability Act of 2014)

16 organizations filed 16 public comments on Loans in Areas Having Special Flood Hazards (Homeowner Flood Insurance Affordability Act of 2014), at the Office of the Comptroller of the Currency. The comment window closed 4229d ago.

Abstract

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.

Commenters (16)

• AgChoice Farm Credit Associationtrade assoc.

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

  1 filing · confidence 97%
• American Bankers Association & American Bankers Insurance Associationtrade assoc.

  1 filing · confidence 85%
• Community Associations Institutetrade assoc.

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

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

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

  1 filing · confidence 85%
• Missouri Bankers Association (2)trade assoc.

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

  1 filing · confidence 97%
• National Association of Home Builderstrade assoc.

  1 filing · confidence 97%
• National Association of REALTORStrade assoc.

  1 filing · confidence 85%
• National Flood Determination Associationtrade assoc.

  1 filing · confidence 85%
• National Reverse Mortgage Lenders Associationtrade assoc.

  1 filing · confidence 85%
• Randolph-Brooks Federal Credit Unionunverified attribution

  1 filing · confidence 70%
• Wells Fargo & Companyunverified attribution

  1 filing · confidence 70%
• Wisconsin Bankers Associationtrade assoc.

  1 filing · confidence 97%