View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML
TREAS/OCC RIN: 1557-AD84 Publication ID: Fall 2015 
Title: Loans in Areas Having Special Flood Hazards (Homeowner Flood Insurance Affordability Act of 2014) 
Abstract:

The OCC, FRB, FDIC, FCA, and NCUA revised 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 Flood Insurance Reform Act of 2012. The rule establishes requirements with respect to the escrow of flood insurance payments consistent with the changes set forth in HFIAA. It also implements an exclusion in HFIAA for certain detached structures from the mandatory flood insurance purchase requirement.  Finally, the rule integrates the OCC’s flood insurance regulations for national banks and Federal savings associations.

 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 22    12 CFR 172   
Legal Authority: 12 USC 93a    42 USC 4012a    42 USC 4104a    42 USC 4104b    42 USC 4106    42 USC 4128    Pub. L. 112-141, 126 Stat 916    Pub. L. 113-89    128 Stat 1020    12 USC 1462a    12 USC 1463    12 USC 1464    12 USC 5412(b)(2)(B)    42 USC 4012a    42 USC 4104a    42 USC 4104b    42 USC 4106    42 USC 4128   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  10/03/2014  79 FR 64518   
NPRM Comment Period End  12/29/2014 
Final Rule  07/21/2015  80 FR 43215   
Final Rule Effective (Amendatory Instructions 1, 6, 7, 8, 10, 15, 16, 21, 22)  10/01/2015 
Final Rule Effective (Amendatory Instructions 2, 3, 4, 5, 9, 11, 12, 13, 14, 17, 18, 19, 20, 23, 26)  01/01/2016 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Related RINs: Split from 1557-AD67 
Agency Contact:
Heidi M. Thomas
Senior Counsel
Department of the Treasury
Comptroller of the Currency
Chief Counsel's Office, 400 7th Street SW.,
Washington, DC 20219
Phone:202 649-5490
Email: heidi.thomas@occ.treas.gov