View Rule

View EO 12866 Meetings

Printer-Friendly Version Download RIN Data in XML

NCUA

RIN: 3133-AE18

Publication ID: Spring 2014

Title: Loans in Areas Having Special Flood Hazards
Abstract: The Comptroller of the Currency, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Farm Credit Administration, and National Credit Union Administration (collectively, the Agencies) proposed to amend their regulations regarding loans in areas having special flood hazards to implement the provisions of the Biggert-Waters Flood Insurance Reform Act of 2012 (the Act). Among other statutorily mandated provisions, the proposal would establish requirements pursuant to section 100209 of the Act with respect to the escrow of flood insurance payments, section 100239 of the Act with respect to the acceptance of private flood insurance coverage, and section 100244 of the Act with respect to force-placed insurance. The proposal also would clarify the Agencies' flood insurance regulations with respect to other amendments made by the Act. In addition, the Agencies proposed several nonsubstantive technical corrections. The Agencies are considering the public comments and will move forward to finalize the rule.
Agency: National Credit Union Administration(NCUA)	Priority: Substantive, Nonsignificant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Final Rule Stage
Major: No	Unfunded Mandates: No
CFR Citation: 12 CFR 760
Legal Authority: 12 USC 93a 12 USC 1462a 12 USC 1463 to 1464 42 USC 4012a 42 USC 4104a to 4104b 42 USC 4106 42 USC 4128 42 USC 5412(b)(2)(B)

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM	10/30/2013	78 FR 65108
NPRM Comment Period End	12/10/2013
Final Action	05/00/2014

Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Small Entities Affected: No	Federalism: No
Included in the Regulatory Plan: No
RIN Information URL: www.ncua.gov/Legal/Regs/Pages/PropRegs.aspx
RIN Data Printed in the FR: No
Related Agencies: Joint: TREAS/OCC, FRS, FDIC, FCA;
Agency Contact: Sarah Chung Senior Staff Attorney National Credit Union Administration 1775 Duke Street, Alexandria, VA 22314 Phone:703 518-1178 Fax:703 518-6569 Email: schung@ncua.gov