An interagency proposal was issued on September 1, 2020, to reorganize, revise, and expand the questions and answers regarding flood insurance. WBA filed comments in support of the interagency efforts to help lenders meet their responsibilities under Federal flood insurance law and increase understanding of the flood insurance regulations. Additionally, WBA urged the agencies to issue supervisory expectations regarding private flood insurance and sought additional clarity regarding exemptions for detached structures. Click here to view the letter.
By, Ally Bates