19-EF-04: NCUA - Loans in Areas Having Special Flood Hazards

On February 20, 2019, the National Credit Union Administration (NCUA), and other federal banking regulators, issued a final rule amending flood insurance requirements. The final rule implements the flood insurance provisions of the Bigger-Waters Flood Insurance Reform Act of 2012 by requiring credit unions to accept policies that meet the statutory definition of “private flood insurance.”

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