1557-AD67 201904 Unified Agenda of Federal Regulatory and Deregulatory Actions 1557 Comptroller of the Currency OCC 1500 Department of the Treasury TREAS Loans in Areas Having Special Flood Hazards--Private Flood Insurance

The OCC, FRB, FDIC, FCA, and NCUA issued a final rule amending their regulations regarding loans in areas having special flood hazards to implement the private flood insurance provisions of the Biggert-Waters Flood Insurance Reform Act of 2012.  The final rule requires regulated lending institutions to accept policies that meet the statutory definition of "private flood insurance" in the Biggert-Waters Act; and permits regulated lending institutions to exercise their discretion to accept flood insurance policies issued by private insurers and plans providing flood coverage issued by mutual aid societies that do not meet the statutory definition of "private flood insurance," subject to certain restrictions.  

]]> Substantive, Nonsignificant Previously Published in The Unified Agenda Final Rule Stage Undetermined No Independent agency 12 CFR 22 12 U.S.C. 93a 12 U.S.C. 1462a 12 U.S.C. 1463 12 U.S.C. 1464 12 U.S.C. 5412(b)(2)(B) 42 U.S.C. 4012a 42 U.S.C. 4104a 42 U.S.C. 4104b 42 U.S.C. 4106 42 U.S.C. 4128 No NPRM 10/30/2013 78 FR 65108 NPRM Comment Period End 12/30/2013 Second NPRM 11/07/2016 81 FR 78063 Second NPRM Comment Period End 01/06/2017 Final Rule 02/20/2019 84 FR 5493 Final Rule Effective 07/01/2019 No None No No https://www.regulations.gov/docket?D=OCC-2014-0016 https://www.regulations.gov/docket?D=OCC-2014-0016 No No 1557-AD84 Related to Heidi Thomas M. Senior Counsel 1557 Comptroller of the Currency OCC 202 649-5490 heidi.thomas@occ.treas.gov Chief Counsel's Office, 400 7th Street SW, Washington DC 20219 Melissa Lisenbee Counsel 1557 Comptroller of the Currency OCC 202 649-7392 melissa.lisenbee@occ.treas.gov Chief Counsel's Office, 400 7th Street SW., Washington DC 20219