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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

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Inactive Financial Institution Letters

Mandatory Purchase of Flood Insurance
2007 Edition of FEMA Booklet
December 6, 2007

Summary: The Federal Emergency Management Agency (FEMA) has released an updated electronic edition of its booklet Mandatory Purchase of Flood Insurance Guidelines.


  • The 2007 edition of FEMA's flood insurance booklet has been released and can be downloaded at A print version of the booklet can be ordered by calling 1-800-480-2520.
  • This booklet clarifies some of the complex issues that have arisen since the 1999 edition. It also highlights certain program changes, including:
    • Processing of Letters of Map Change.
    • Options for purchasing coverage for buildings under construction.
    • Coverage under Residential Condominium Building Association Policies (RCBAP).
    • A new requirement to list the Replacement Cost Value on the declarations page of each RCBAP.
    • Updated Mortgage Portfolio Protection Program information.

FDIC-Supervised Banks (Commercial and

Suggested Routing:
Chief Executive Officer
Compliance Officer
Loan Officers

Mira Marshall, Sr. Policy Analyst (Compliance), at or (202) 898-3912

FDIC financial institution letters (FILs) may be accessed from the FDIC's Web site at

To receive FILs electronically, please visit

Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 3501 Fairfax Drive, Room E 1002, Arlington, VA 22226 (1-877-275-3342 or 703-562-2200).

Last Updated 11/26/2018

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