By: Jeremy Clifton, CRCM, CAMS
On May 31, 2022, all five federal agencies issued a revised Q&A regarding flood insurance coverage. The Q&A is largely a context reorganization of the July 2020 Proposed Q&A and the March 2021 Proposed Q&A to make it easier for the compliance community to research topics regarding flood insurance requirements. The new Q&A supersedes the 2009 and 2011 Q&A responses which have been revised based on updated responses and recommendations from the compliance and banking community. For more information, please refer to the Federal Register entry at: https://www.federalregister.gov/documents/2022/05/31/2022-10414/loans-in-areas-having-special-flood-hazards-interagency-questions-and-answers-regarding-flood
The FDIC will be hosting an interagency webinar to discuss the 2022 Interagency Questions & Answers Regarding Flood Insurance on July 27, 2022. Registration is required and questions can be submitted for consideration before the presentation. For more information and registration see the FDIC’s bulletin: https://content.govdelivery.com/accounts/USFDIC/bulletins/31e467f
On May 31, 2022, all five federal agencies issued a revised Q&A regarding flood insurance coverage. The Q&A is largely a context reorganization of the July 2020 Proposed Q&A and the March 2021 Proposed Q&A to make it easier for the compliance community to research topics regarding flood insurance requirements. The new Q&A supersedes the 2009 and 2011 Q&A responses which have been revised based on updated responses and recommendations from the compliance and banking community. For more information, please refer to the Federal Register entry at: https://www.federalregister.gov/documents/2022/05/31/2022-10414/loans-in-areas-having-special-flood-hazards-interagency-questions-and-answers-regarding-flood
The FDIC will be hosting an interagency webinar to discuss the 2022 Interagency Questions & Answers Regarding Flood Insurance on July 27, 2022. Registration is required and questions can be submitted for consideration before the presentation. For more information and registration see the FDIC’s bulletin: https://content.govdelivery.com/accounts/USFDIC/bulletins/31e467f
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