Comments: Various Agencies on Loans in Areas Having Special Flood Hazards

Issue Date: December 10, 2013


NAR submitted comments to the Office of the Comptroller of the Currency, the Federal Reserve, the Federal Deposit Insurance Corporation, the Farm Credit Administration, and the National Credit Union Association on the joint proposed regulations that implement several sections of the 2012 Biggert-Waters Flood Insurance Act including:

  1. the acceptance of private flood insurance coverage
  2. the escrow of flood insurance payments
  3. the force-placement of flood insurance coverage