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Highlights:
- The National Flood Insurance Reform Act of 1994 and FDIC regulations (12 CFR 339.6) require FDIC- supervised banks to use FEMA's SFHDF when determining whether a building or mobile home offered as security for a loan will be located in a Special Flood Hazard Area.
- The OMB conducted a periodic review of the SFHDF, as required by the Paperwork Reduction Act, and issued a revised form with a new control number.
- The updated SFHDF, with the new control number, must be used beginning June 16, 2009.
- The revised form and instructions are available on the FEMA Web site at http://www.fema.gov/library/viewRecord.do?id=1394.
Distribution:
FDIC-Supervised Banks (Commercial and Savings)
Suggested Routing:
Chief Executive Officer
Compliance Officer
Attachment:
Updated Standard Flood Hazard Determination Form
Contact:
Mira N. Marshall, Chief, Compliance Policy Section,
MMarshall@fdic.gov or (202) 898-3912
Note:
FDIC financial institution letters (FILs) may be
accessed from the FDIC's Web site at
www.fdic.gov/news/news/financial/2009/index.html.
To receive FILs electronically, please visit
http://www.fdic.gov/about/subscriptions/fil.html.
Paper copies of FDIC financial institution letters
may be obtained through the FDIC's Public
Information Center, 3501 Fairfax Drive, E-1002,
Arlington, VA 22226 (1-877-275-3342 or 703-562-
2200).
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