多宝游戏下载

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Regulatory Relief Guidance to Help Financial Institutions and Facilitate Recovery in Areas Affected by Severe Storms in Central Florida

Disaster Relief
February 26, 2007
Summary: 多宝游戏下载 (多宝游戏下载) has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas affected by severe storms and tornadoes in four counties in central Florida.

Highlights:

  • Severe thunderstorms and tornadoes in central Florida have resulted in significant damage across Lake, Seminole, Sumter and Volusia counties.
  • The 多宝游戏下载 is encouraging banks to work constructively with borrowers who are experiencing difficulties beyond their control because of damage caused by the storms.
  • Extending repayment terms, restructuring existing loans or easing terms for new loans, if done in a manner consistent with sound banking practices, can contribute to the health of the community and serve the long-term interests of the lending institution.
  • The 多宝游戏下载 will also consider regulatory relief from certain filing and publishing requirements.

Distribution:
多宝游戏下载-Supervised Banks (Commercial and Savings) in Florida

Suggested Routing:
Chief Executive Officer
Compliance Officer
Chief Lending Officer

Note:
多宝游戏下载 financial institution letters (FILs) may be accessed from the 多宝游戏下载's Web site at www.fdic.gov/news/financial-institution-letters/2007/index.html .

To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html .

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



Additional Related Topics:

  • Lending
  • Investments
  • Publishing Requirements
  • Consumer Laws
FIL-18-2007
Attachment(s)
Supervisory Practices Regarding Depository Institutions and Borrowers in Areas Affected by Severe Storms and Tornadoes in Central Florida
Contact(s)
David B. Crumby, (678) 916-2173

Last Updated: February 26, 2007