Bankowość · 18/10/1995

Regulatory Proposal to Enhance Flood Insurance Requirements for Lenders

The OCC, Federal Reserve, FDIC, OTS, and NCUA are proposing to amend their regulations to implement the National Flood Insurance Reform Act of 1994, which mandates new escrow requirements, explicit authority to force-place flood insurance, and enhanced notice requirements for lenders in areas with special flood hazards.

Source: Federal Register — Office of the Comptroller of the CurrencyOpen original release →

Regulatory Proposal to Enhance Flood Insurance Requirements for Lenders

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