National Credit Union Administration |
 | Sec. 760.1 Authority, purpose, and scope.
Sec.
760.1 Authority, purpose, and scope.
760.2 Definitions.
760.3 Requirement to purchase flood insurance where available.
760.4 Exemptions.
760.5 Escrow requirement.
760.6 Required use of standard flood hazard determination form.
760.7 Forced placement of flood insurance.
760.8 Determination fees.
760.9 Notice of special flood hazards and availability of Federal
disaster relief assistance.
760.10 Notice of servicer's identity.
Appendix to Part 760--Sample Form of Notice of Special Flood Hazards and
Availability of Federal Disaster Relief Assistance
Authority: 12 U.S.C. 1757, 1789; 42 U.S.C. 4012a, 4104a, 4104b,
4106, and 4128.
Source: 61 FR 45713, Aug. 29, 1996, unless otherwise noted.
(a) Authority. This part is issued pursuant to 12 U.S.C. 1757, 1789
and 42 U.S.C. 4012a, 4104a, 4104b, 4106, 4128.
(b) Purpose. The purpose of this part is to implement the
requirements of the National Flood Insurance Act of 1968 and the Flood
Disaster Protection Act of 1973, as amended (42 U.S.C. 4001-4129).
(c) Scope. This part, except for Sec. Sec. 760.6 and 760.8, applies
to loans secured by buildings or mobile homes located or to be located
in areas determined by the Director of the Federal Emergency Management
Agency to have special flood hazards. Sections 760.6 and 760.8 apply to
loans secured by buildings or mobile homes, regardless of location.
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