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.

Agencies Issue Reminder to Institutions on Lending When the National Flood Insurance Program Is Unavailable

Federal financial institution regulatory agencies today remind lenders that they may continue to make loans that are subject to the federal flood insurance statutes when the National Flood Insurance Program is not available. During this period, lenders are allowed to make these loans without requiring federal flood insurance.

As explained in the Interagency Questions and Answers Regarding Flood Insurance, in Q&A Applicability 12, lenders may continue to make loans without flood insurance coverage during this time but must continue to make flood determinations; provide timely, complete, and accurate notices to borrowers; and comply with other applicable parts of the flood insurance regulations. In addition, lenders should evaluate safety and soundness and legal risks and should prudently manage those risks during the lapse period. The guidance also addresses the availability and use of private flood insurance. 

Attachment(s)
Contact(s)
FCA: Ben Mosely, (703) 883-4056
FDIC: LaJuan Williams-Young, (202) 898-3876
FRB: Chelsea Grate, (202) 452-2955
NCUA: Sierra Robinson, (703) 215-7784
OCC: Monica McCoy, (202) 649-6870

Last Updated: October 1, 2025