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NCUA RIN: 3133-AF14 Publication ID: Fall 2021 
Title: Loans in Areas Having Special Flood Hazards; Interagency Questions and Answers Regarding Flood Insurance 

The Office of 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) issued a proposal to reorganize, revise, and expand the Loans in Areas Having Special Flood Hazards; Interagency Questions and Answers Regarding Flood Insurance, and solicited comments on all aspects of the amendments. The Agencies prepared proposed new and revised questions and answers addressing the most frequently asked issues. In addition, the proposal helps lenders meet their responsibilities under Federal flood insurance law and increases public understanding of the flood insurance regulations. Significant topics addressed by the proposed revisions include the effect of major amendments to flood insurance laws with regard to the escrow of flood insurance premiums, the detached structure exemption, and force-placement procedures. The Agencies will review the public comments and work toward a final set of questions and answers.

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 U.S.C. 1757    12 U.S.C. 1784(e)    12 U.S.C. 1789    42 U.S.C. 4012a    42 U.S.C. 4104a to 4104b    42 U.S.C. 4106    42 U.S.C. 4128   
Legal Deadline:  None
Action Date FR Cite
NPRM  07/06/2020  85 FR 40442   
NPRM Comment Period End  11/03/2020 
Final Action  11/00/2021 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL:  
RIN Data Printed in the FR: No 
Related RINs: Related to 3133-AF31  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