Fed to Host Webinar On Interagency Flood Insurance Rule

The Federal Reserve is offering a webinar on May 14 at 2 pm to explain the interagency flood insurance rule that requires mortgage lenders to accept both private and government-backed flood insurance policies.

The presentation will include a question and answers segment, and review the following topics

Mandatory acceptance of private flood insurance
Mandatory acceptance of compliance aid statement
Discretionary acceptance of private flood insurance
Flood coverage provided by mutual aid societies
Preparations to comply with the rule

To Submit Questions before the event, Click Here 

To Register for the event, Click Here