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NCUA | RIN: 3133-AF31 | Publication ID: Spring 2022 |
Title: Loans in Areas Having Special Flood Hazards; Interagency Questions and Answers Regarding Private Flood Insurance | |
Abstract:
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 supplement the Interagency Questions and Answers Regarding Flood Insurance with new questions and answers regarding the acceptance of flood insurance policies issued by private insurers. These questions and answers assist lenders in meeting their responsibilities under the Agencies’ private flood insurance final rule issued in February 2019, and increases public understanding of the Agencies’ respective flood insurance regulations. The Agencies solicited public comments and are reviewing these comments in anticipation of final action. |
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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 and 4104b 42 U.S.C. 4106 42 U.S.C. 4128 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Information URL: https://www.ncua.gov/regulation-supervision/rules-regulations/proposed-pending-recently-final-regulations | |
RIN Data Printed in the FR: No | |
Related RINs: Related to 3133-AE64, Related to 3133-AF14 | Related Agencies: Joint: TREAS/OCC, FRS, FDIC, FCA; |
Agency Contact: Thomas I. Zells Senior Staff Attorney National Credit Union Administration 1775 Duke Street, Alexandria, VA 22314 Phone:703 548-2478 Fax:703 518-8566 Email: tizells@ncua.gov |