Single Family Mortgage Insurance; Clarification of Floodplain Requirements Applicable to New Construction

Zusammenfassung

This final rule adopts revisions to HUD's regulations concerning flood hazard exposure and single family mortgage insurance published for public comment in a proposed rule on April 30, 1999. These revisions provide mortgagees with an additional means of complying with HUD's single family flood hazard regulations and clarify a number of provisions in HUD's single family mortgage insurance regulations. HUD considered the comments received on the April 30, 1999 proposed rule, but is adopting the revisions published in the proposed rule without change.