OSC Compliance Insights Bulletin: Special Report on Flood Insurance

Compliance

Chief Compliance Officer Kirk Stephens, CRCM, has compiled and summarized the most recent list of the federal banking regulatory agencies’ Questions and Answers Regarding Flood Insurance (Q&As). Overall, the Agencies have adopted the majority of the Q&As as proposed except for adding three new Q&As (Applicability 13, Amount 10, and Condo and Co-op 9) and clarifying certain other force placement Q&As to better address lender questions. Click here to view the newsletter PDF.

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