Federal Deposit Insurance Corporation
Loans In Areas Having Special Flood Hazards
Rule 339.1
339.1 Authority, purpose, and scope
Sec
339.1 Authority, purpose, and scope
339.2 Definitions
339.3
Requirement to purchase flood insurance where available
339.4 Exemptions
339.5 Escrow requirement 339.6 Required use of standard flood hazard
determination form
339.7 Forced placement of flood insurance
339.8 Determination fees
339.9 Notice of special flood hazards and availability of Federal
disaster relief assistance
339.10 Notice of servicer's identity Appendix A to Part 339--Sample Form of Notice of Special Flood Hazards and Availability of Federal Disaster Relief Assistance Authority: 42 U.S.C.
4012a, 4104a, 4104b, 4106, and 4128 Source: 61
FR 45706, Aug. 29, 1996, unless otherwise noted
(a) Authority. This part is issued pursuant to 42 U.S.C. 4012a,
4104a, 4104b, 4106, and 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. 339.6 and 339.8, 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 339.6 and 339.8 apply to loans secured by buildings or mobile homes, regardless of location. |
