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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 .


 

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

Suggested Routing: 
Chief Executive Officer 
Compliance Officer 
Loan Officers 
Auditors

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, Room E 1002, Arlington, VA 22226 (1-877-275-3342 or 703-562-2200).

 



 

FIL-106-2007
Contact(s)
Mira Marshall, 202) 898-3912

Last Updated: December 6, 2007