Federal agencies propose revisions to interagency Q&As regarding flood insurance (UPDATED)

Recently, federal agencies proposed revisions to the Interagency Questions and Answers Regarding Flood Insurance. The agencies are the Comptroller of the Currency, Farm Credit Administration, FDIC, Federal Reserve Board, and National Credit Union Administration (Agencies). The proposed Q&As will supplement the proposed Q&As issued by the Agencies in July 2020. Those proposed Q&As contained only two proposed questions on private flood insurance. Based on questions received by the Agencies...
By: Ballard Spahr LLP

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