Q: We're just a few days away from July 1, 2019. May lenders comply with the final rule prior to the effective date of July 1?
A: Yes. As the agencies discussed in the preamble to the final rule, lenders may comply with the final rule prior to the effective date if they wish to do so.
This Q&A was part of the discussion in the Outlook Live – 2019 Interagency Flood Insurance Update on Private Flood Insurance Rule webinar held on 6/18/19 and focused on the new private flood insurance rules that become effective 7/1/19. Information may be found here: https://www.webcaster4.com/Webcast/Page/577/30085