[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: 12CFR760.1]



[Page 679-680]

 

                       TITLE 12--BANKS AND BANKING

 

            CHAPTER VII--NATIONAL CREDIT UNION ADMINISTRATION

 

PART 760_LOANS IN AREAS HAVING SPECIAL FLOOD HAZARDS--Table of Contents

 

Sec. 760.1  Authority, purpose, and scope.









Sec.

760.1 Authority, purpose, and scope.

760.2 Definitions.

760.3 Requirement to purchase flood insurance where available.

760.4 Exemptions.

760.5 Escrow requirement.

760.6 Required use of standard flood hazard determination form.

760.7 Forced placement of flood insurance.

760.8 Determination fees.

760.9 Notice of special flood hazards and availability of Federal 

          disaster relief assistance.

760.10 Notice of servicer's identity.



Appendix to Part 760--Sample Form of Notice of Special Flood Hazards and 

          Availability of Federal Disaster Relief Assistance



    Authority: 12 U.S.C. 1757, 1789; 42 U.S.C. 4012a, 4104a, 4104b, 

4106, and 4128.



    Source: 61 FR 45713, Aug. 29, 1996, unless otherwise noted.





    (a) Authority. This part is issued pursuant to 12 U.S.C. 1757, 1789 

and 42 U.S.C. 4012a, 4104a, 4104b, 4106, 4128.

    (b) Purpose. The purpose of this part is to implement the 

requirements of the National Flood Insurance Act of 1968 and the Flood 

Disaster Protection Act of 1973, as amended (42 U.S.C. 4001-4129).



[[Page 680]]



    (c) Scope. This part, except for Sec. Sec. 760.6 and 760.8, applies 

to loans 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 760.6 and 760.8 apply to 

loans secured by buildings or mobile homes, regardless of location.