Flood Disaster Protection
The National Flood Insurance Act, several reforms, and a host of regulations guide administration of the National Flood Insurance Program. This legislation applies to property located in special flood hazard areas. It
- Provides federally subsidized flood insurance coverage and
- Prohibits lenders from making or changing loans on property not covered by flood insurance.
Learn more. Read OCC’s Answers about Flood Insurance.
|02/21/2019||OCC 2019-8,||Loans in Areas Having Special Flood Hazards—Private Flood Insurance: Final Rule|
|02/12/2019||NR 2019-15,||New Rule Covers Private Flood Insurance|
|12/28/2018||NR 2018-146,||Agencies Issue Statement on Financial Institutions Issuing Loans When National Flood Insurance Program is Unavailable|