Understanding New Private Flood Insurance Lending Regulations

Understanding New Private Flood Insurance Lending Regulations

When Congress passed the Biggert Waters Act of 2012 (BW12), the intent of Congress to make it easier for lenders to accept private flood insurance to satisfy the mandatory purchase requirement.  However, what the Act did was create vague language that took lending regulators seven years to finalize.  Since the lending regulators had to crate […]

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