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HUD/OH RIN: 2502-AJ12 Publication ID: Fall 2014 
Title: Federal Housing Administration (FHA): Mortgagor and Mortgagee Requirements for Flood Insurance for the FHA Single Family Program (FR-5581) 
Abstract: This rule proposes to amend the FHA Single Family Mortgage Insurance program regulations that require mortgagors and mortgagees to purchase and maintain flood insurance under the National Flood Insurance Program (NFIP). Specifically, the rule would clarify the amount of flood insurance required to be purchased and maintained in order to be eligible to obtain FHA insurance on property located in an area designated as having special flood hazards or otherwise subject to flood hazards as determined by the Federal Emergency Management Agency (FEMA) Administrator. This proposed rule would amend the regulation to more closely conform to statutory requirements and the current NFIP program. The changes proposed by this rule would facilitate increased consumer and industry understanding of FHA's program requirements, increase compliance with these requirements, and assist in ensuring that beneficiaries have a specific expectation of the amount that will be recovered for flood insurance claims on FHA insured properties. 
Agency: Department of Housing and Urban Development(HUD)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 24 CFR 203   
Legal Authority: 12 USC 1709    12 USC 1710    12 USC 1715b    12 USC 1715z-16    12 USC 1715u    42 USC 3535   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  06/00/2015 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Elissa Saunders
Director, Office of Single Family Asset Management
Department of Housing and Urban Development
Office of Housing
100 South Charles Street , 11th Floor,
Baltimore, MD 21201
Phone:202 402-2378