FDIC FAQs – 2012 NY Flood Insurance Teleconference - 8

Compliance > Lending > Flood > Flood Ins Compliance Teleconf - Dec 2012
Q:  What is the time frame within which a lender must obtain the applicant’s acknowledgement of the flood determination?
 
A:     Part 339 does not require a lender to obtain the applicant’s acknowledgement of the flood determination.
 
 
ADDITIONAL INFORMATION – This Q&A was included in the materials from the FDIC New York Region Regulatory Teleconference:  “Flood Insurance – Flood Insurance Compliance and an Examiner’s Perspective” which took place on December 3, 2012.      These materials may be found here:  https://www.fdic.gov/news/conferences/NY/2012-12-03.html
 

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