- The proposed revised Interagency Questions and Answers contain guidance that addresses the most frequently asked questions and answers about flood insurance to help financial institutions meet their compliance responsibilities under the federal flood insurance laws and regulations, and to increase public understanding of the flood insurance regulations.
- New questions and answers, as well as substantive and technical revisions to the existing guidance, touch on several topics, including construction loans, residential condominium loans, loan syndications and participations, gap insurance policies, and mandatory civil money penalties.
- After public comment has been received and considered and the Interagency Questions and Answers have been adopted in final form, the revised Interagency Questions and Answers will supersede the 1997 Interagency Questions and Answers.
FDIC-Supervised Banks (Commercial and Savings)
Chief Executive Officer
Chief Lending Officer
Notice and Request for Comment; Interagency Questions and Answers Regarding Flood Insurance - PDF (PDF Help)
Mira Marshall, Sr. Policy Analyst (Compliance),
firstname.lastname@example.org or 202-898-3912
John Jackwood, Sr. Policy Analyst (Compliance),
email@example.com or 202-898-3991
FIL- 23-2008 - PDF (PDF Help)
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).