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Highlights:
- The 2007 edition of FEMA's flood insurance booklet has been released and can be downloaded at http://www.fema.gov/library/viewRecord.do?id=2954.
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.
Distribution:
FDIC-Supervised Banks (Commercial and
Savings)
Suggested Routing:
Chief Executive Officer
Compliance Officer
Loan Officers
Auditors
Contact:
Mira Marshall, Sr. Policy Analyst (Compliance), at
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/2007/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, Room E
1002, Arlington, VA 22226 (1-877-275-3342 or
703-562-2200).
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