Joint Final Flood Insurance Rule Issued by Federal Banking Regulators
Five of the federal banking regulatory agencies—FDIC, FRB, OCC, FCA, and NCUA—have recently issued a joint final flood insurance rule. The rule accomplished many things, including requiring escrowing of flood insurance payments from non-exempt loans, and requiring borrowers be given the option to escrow flood insurance premiums and fees. [6/25/15]


