Skip to main content
U.S. flag
An official website of the United States government
Dot gov
The .gov means it’s official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site.
Https
The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.
INACTIVE
This page is no longer active. Its content has expired or been rescinded by the FDIC.
Financial Institution Letter
Flood Insurance
April 14, 1995
Notes
 

TO: CHIEF EXECUTIVE OFFICER
SUBJECT: Proposed Standard Hazard Determination Form

The Flood Insurance Reform Act of 1994 mandates the Federal Emergency Management Agency (FEMA) to develop a Standard Flood Hazard Determination Form (SFHDF), which all lenders will be required to use to document whether real property offered as collateral on a loan is or is not located in a special flood hazard area. The Act requires the Federal Deposit Insurance Corporation, as well as other federal regulatory entities, to enforce use of the form by supervised institutions.

Notice of the proposed form was published for comment in the Federal Register on April 7, 1995, and is attached. FDIC-supervised institutions are encouraged to review and comment on the proposed form, paying particular attention to the Instructions for filling it out and the burden estimate indicated in the "Paperwork Burden Disclosure Notice."

Written comments on the proposed form will be accepted by FEMA through May 8, 1995. Comments should be sent to FEMA at the address provided in the attachment.

Paul L. Sachtleben
Director

Attachment

Distribution: FDIC-Supervised Banks (Commercial and Savings)


FIL-32-95
Last Updated: April 14, 1995