Bankowość · 30/10/2014

US Agencies Propose Changes to Flood Insurance Regulations

The Office of the Comptroller of the Currency, Federal Reserve, FDIC, Farm Credit Administration, and National Credit Union Administration are proposing to amend their regulations regarding loans in areas with special flood hazards to implement provisions of the Homeowner Flood Insurance Affordability Act of 2014, which amends some changes to the Flood Disaster Protection Act of 1973 mandated by the Biggert-Waters Flood Insurance Reform Act of 2012.