[Code of Federal Regulations]

[Title 12, Volume 6]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 12CFR614.4920]



[Page 143]

 

                       TITLE 12--BANKS AND BANKING

 

                 CHAPTER VI--FARM CREDIT ADMINISTRATION

 

PART 614_LOAN POLICIES AND OPERATIONS--Table of Contents

 

                 Subpart S_Flood Insurance Requirements

 

Sec. 614.4920  Purpose and scope.



    Source: 61 FR 45711, Aug. 29, 1996, unless otherwise noted.





    (a) Purpose. This subpart implements the requirements of the 

National Flood Insurance Act of 1968 (1968 Act), as amended, and the 

Flood Disaster Protection Act of 1973 (1973 Act), as amended (42 U.S.C. 

4001-4129).

    (b) Scope. This subpart, except for Sec. Sec. 614.4940 and 

614.4950, applies to loans of Farm Credit System (System) institutions 

that are secured by buildings or mobile homes located or to be located 

in areas determined by the Director of the Federal Emergency Management 

Agency to have special flood hazards. Sections 614.4940 and 614.4950 

apply to loans secured by buildings or mobile homes, regardless of 

location.