User login

MCUA Files Comment Letter on Interagency Flood Insurance Rules

The Missouri Credit Union Association (MCUA) filed a comment letter with the National Credit Union Administration (NCUA) on December 29, 2015, addressing the proposed interagency flood insurance rule.

NCUA proposed the flood insurance rule with several other regulatory agencies. The rule implements requirements from the Homeowner Flood Insurance Affordability Act of 2014, which amended some requirements in the Biggert-Waters Flood Insurance Reform Act of 2012. The proposed rule would exclude certain detached structures from flood insurance requirements. The proposed rule would also exempt home equity lines of credit (HELOC) from the flood insurance requirements.