Effective December 21, 2022, the Federal Housing Administration (FHA) amended its regulation at 24 C.F.R. ยง 203.16a to allow FHA borrowers to purchase private flood insurance for properties located in Special Flood Hazard...more
The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Farm Credit Administration, the National Credit Union Administration, and the Federal Deposit Insurance Corporation...more
The Federal Deposit Insurance Corporation recently approved for release joint proposed regulations to implement provisions of the Biggert-Waters Flood Insurance Reform Act of 2012 (the Act). The proposal would amend the Flood...more