Friday, April 4, 2008

Flood Guideline Revisions Offered

American Banker (03/25/08) P. 3; Adler, Joe
Federal banking and Farm Credit regulators recently proposed revisions to the federal flood insurance requirements. The changes involve the questions-and-answers guidance regarding flood insurance obligations associated with construction, condominium loans and loan syndications. The proposal includes new questions and revisions to existing questions. The comment period for financial institutions ends on May 20.

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