3133-AE18 201410 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 3133 National Credit Union Administration NCUA Loans in Areas Having Special Flood Hazards

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 (Agencies) previously 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 established 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 clarified the Agencies' flood insurance regulations to make them consistent with other amendments made by the Act. In addition, the Agencies proposed several nonsubstantive technical corrections. Due to recent legislation (the Homeowner Flood Insurance Affordability Act of 2014), the Agencies will be publishing a new proposed rule as discussed more fully in RIN 3133-AE40 regarding escrows and mandatory purchase of flood insurance, but the Agencies will finalize the remainder of this proposed rule in 2015.

]]> Substantive, Nonsignificant Previously Published in The Unified Agenda Final Rule Stage No No 12 CFR 760 12 USC 93a 12 USC 1462a 12 USC 1463 to 1464 12 USC 1757 12 USC 1789 42 USC 4012a 42 USC 4104a to 4104b 42 USC 4106 42 USC 4128 42 USC 5412(b)(2)(B) No NPRM 10/30/2013 78 FR 65108 NPRM Comment Period End 12/10/2013 Final Action 04/00/2015 No No None No No www.ncua.gov/Legal/Regs/Pages/FIRegulations.aspx No No 3133-AE40 Related to 1557 Comptroller of the Currency OCC Joint 7100 Federal Reserve System FRS Joint 3064 Federal Deposit Insurance Corporation FDIC Joint 3052 Farm Credit Administration FCA Joint Sarah Chung Senior Staff Attorney 3133 National Credit Union Administration NCUA 703 518-1178 703 518-6569 schung@ncua.gov 1775 Duke Street, Alexandria VA 22314