Loans in Areas Having Special Flood Hazards: Private Flood Insurance

19 organizations filed 19 public comments on Loans in Areas Having Special Flood Hazards: Private Flood Insurance, at the Office of the Comptroller of the Currency. The comment window closed 3490d 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 issuing a new proposal to amend 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 proposed rule would require regulated lending institutions to accept policies that meet the statutory definition of private flood insurance in the Biggert-Waters Act and permit regulated lending institutions to accept flood insurance provided by private insurers that does not meet the statutory definition of ``private flood insurance'' on a discretionary basis, subject to certain restrictions.

Commenters (19)

• American Bankers Associationtrade assoc.

  1 filing · confidence 97%
• Association Data Inctrade assoc.

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

  1 filing · confidence 85%
• Community National Bank & Trust (1)unverified attribution

  1 filing · confidence 70%
• Community National Bank & Trust (2)unverified attribution

  1 filing · confidence 70%
• Community National Bank & Trust (3)unverified attribution

  1 filing · confidence 70%
• Community National Bank & Trust 4unverified attribution

  1 filing · confidence 70%
• Community National Bank & Trust 5unverified attribution

  1 filing · confidence 70%
• Consumer Mortgage Coalitiontrade 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 Professional Insurance Agentstrade assoc.

  1 filing · confidence 85%
• National Association of Professional Surplus Lines Officetrade assoc.

  1 filing · confidence 85%
• National Association of REALTORStrade assoc.

  1 filing · confidence 85%
• National Multifamily Housing Council and National Apartment Associationtrade assoc.

  1 filing · confidence 85%
• Reinsurance Association of Americatrade assoc.

  1 filing · confidence 85%
• The Council of Insurance Agents and Brokerstrade assoc.

  1 filing · confidence 85%
• The Financial Services Roundtabletrade assoc.

  1 filing · confidence 85%
• the National Association of Mutual Insurance Companies & the Property Casualty Insurers Association of Americatrade assoc.

  1 filing · confidence 85%