Chief Compliance Officer Kirk Stephens, CRCM, has provided critical insight into the Department of Housing and Urban Development’s (HUD) newly finalized rule allowing private flood insurance to be written on Federal Housing Authority (FHA) insured loans. He breaks down important requirements, provisions, and rule implementations key to this new rule, which goes into effect on December 21, 2022.

Click here to view the newsletter PDF. There is also a helpful Private Flood Insurance Requirements Matrix for your reference included in this bulletin on page 3.