Comments Due to NAFCU: NCUA - Interagency Questions and Answers Regarding Flood Insurance
NAFCU would like to highlight the following:
- The proposed Questions and Answers contain 77 individual questions and answers (Q&As). Given the number of Q&As involved, the comment period for the proposed rule was extended until November 3, 2020.
- The proposal includes many entirely new Q&As, particularly on the escrow of flood insurance premiums, force placement of flood insurance, and the detached structures exemption.
Comments due to NAFCU: October 19, 2020
Comments due to NCUA: November 3, 2020
NAFCU will send comments on behalf of its members to the CFPB by their deadline (October 19, 2020).