Workpapers & Resources

Federal Law

• 42 U.S.C. 4001, Flood Act

  • § 4012a., Flood insurance purchase and compliance requirements and escrow accounts

• Flood Disaster Protection Act of 1973

• 12 CFR § 1024.17, Escrow accounts

NCUA Regulation

• Part 760, Loans in Areas Having Special Flood Hazards

• Part 760, Appendix A, Sample Form of Notice of Special Flood Hazards and Availability of Federal Disaster Relief Assistance

• § 760.2, Definitions

• § 760.3, Requirements to purchase flood insurance where available

• § 760.6, Required use of standard flood hazard determination form

• § 760.7, Force placement of flood insurance

• § 760.9, Notice of special flood hazards and availability of Federal disaster relief assistance

NCUA Letters to Credit Unions & Regulatory Alerts

• 19-RA-01, Flood Insurance Alternatives

• 13-RA-03, Guidance on Biggert-Waters Flood Insurance Reform Act of 2012

• 04-CU-16, Compliance with Federal Flood Insurance Requirements

Interagency Guidance

• Interagency Questions and Answers Regarding Flood Insurance Loans in Areas Having Special Flood Hazards

• Consumer Compliance Outlook Q3/4 2015

• Consumer Compliance Outlook Issue 2 2019

Last updated on December 01, 2022.