Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
Agencies seek comment on flood insurance guidance
WASHINGTON (7/22/09)—The National Credit Union Administration, along with the federal bank and thrift regulators and the Farm Credit System, released revised information in the form of questions and answers regarding flood insurance. The agencies are seeking comment on several of the newly posed questions, such as one addressing the determination of insurable value in calculating a maximum limit of coverage available for particular types of property. The regulators also want input on a question and answer about the timing of force placement of required flood insurance by lenders. After considering public comment, the agencies said in a joint release, they intend to incorporate comments into the “Interagency Questions and Answers Regarding Flood Insurance (2009).” The new document will supersede the 1997 interagency questions and answers document and supplements other guidance or interpretations issued by the agencies and the Federal Emergency Management Agency. Reps. Maxine Waters (D-Calif.) and Barney Frank (D-Mass.) introduced a bill earlier this month to extend authorization for the National Flood Insurance Program (NFIP) through March 31, 2010. Without legislative action, the program will expire at the end of September. Use the resource link below to read the comment request published in the Federal Register.
Other Resources

RSS





print
News Now LiveWire
#FinCEN seeks nominations of FIs, trade groups for membership on Bank Secrecy Act advisory group http://t.co/l5w58c277W
21 minutes ago
MI pediatric dentist pledges $20K match to Hurley Children's Hospital if it wins @CUDirect's 20 for 20 http://t.co/Eq2nIPm6jo
46 minutes ago
Kids learn budgeting with M&Ms http://t.co/SzXipTLX12
1 hours ago
Neb. #creditunions report widespread growth: 3Q review #NewsNow #system http://t.co/BavEljz15w
2 hours ago
Economic growth leaps in Nov, @ChicagoFed reports http://t.co/8Xo9lKLFf2
2 hours ago