1557-AD84 201410 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 1557 Comptroller of the Currency OCC 1500 Department of the Treasury TREAS Loans in Areas Having Special Flood Hazards (Homeowner Flood Insurance Affordability Act of 2014)

The OCC, FRB, FDIC, FCA, and NCUA have issued a proposed rule to amend their regulations regarding loans in areas having special flood hazards to implement certain provisions of the Homeowner Flood Insurance Affordability Act of 2014 (HFIAA) which amends some of the changes to the Flood Disaster Protection Act of 1973 mandated by Biggert-Waters. The proposal would establish requirements with respect to the escrow of flood insurance payments consistent with the changes set forth in HFIAA. The proposal also would implement an exclusion in HFIAA for certain detached structures from the mandatory flood insurance purchase requirement.

]]> Substantive, Nonsignificant First Time Published in The Unified Agenda Proposed Rule Stage Undetermined No 12 CFR 22 12 USC 93a 42 USC 4012a 42 USC 4104a 42 USC 4104b 42 USC 4106 42 USC 4128 PL 112-141, 126 Stat 916 PL 113-89 128 Stat 1020 No NPRM 10/03/2014 79 FR 64518 NPRM Comment Period End 12/29/2014 No None No No No No 1557-AD67 Split from Heidi Thomas M. Senior Counsel 1557 Comptroller of the Currency OCC 202 649-5490 heidi.thomas@occ.treas.gov Chief Counsel's Office, 400 7th Street SW, Washington DC 20219