Highlights:

• The National Flood Insurance Reform Act of 1994 and FDIC regulations (12 CFR 339.6) require FDIC- supervised banks to use FEMA's SFHDF when determining whether a building or mobile home offered as security for a loan will be located in a Special Flood Hazard Area.
• The OMB conducted a periodic review of the SFHDF, as required by the Paperwork Reduction Act, and issued a revised form with a new control number.
• The updated SFHDF, with the new control number, must be used beginning June 16, 2009.
• The revised form and instructions are available on the FEMA Web site at http://www.fema.gov/library/viewRecord.do?id=1394.

Distribution:
FDIC-Supervised Banks (Commercial and Savings)

Suggested Routing:
Chief Executive Officer
Compliance Officer

Attachment:
Updated Standard Flood Hazard Determination Form

Contact:
Mira N. Marshall, Chief, Compliance Policy Section,
MMarshall@fdic.gov or (202) 898-3912

Printable Format:
FIL-8-2009 - PDF (PDF Help)

Note:
FDIC financial institution letters (FILs) may be accessed from the FDIC's Web site at www.fdic.gov/news/news/financial/2009/index.html.

To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html.

Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA 22226 (1-877-275-3342 or 703-562- 2200).