Loans in Areas Having Special Flood Hazards, 6169-6170 [2016-02236]

Agencies

• FEDERAL DEPOSIT INSURANCE CORPORATION

[Federal Register Volume 81, Number 24 (Friday, February 5, 2016)]
[Rules and Regulations]
[Pages 6169-6170]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-02236]


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FEDERAL DEPOSIT INSURANCE CORPORATION

12 CFR Part 339

RIN 3064-AE27


Loans in Areas Having Special Flood Hazards

AGENCY: Federal Deposit Insurance Corporation.

ACTION: Correcting amendment.

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SUMMARY: This document contains a correction to the final regulations 
which were published in the Federal Register of Tuesday, July 21, 2015 
(80 FR 43216). The regulations related to Loans in Areas Having Special 
Flood Hazards.

DATES: Effective February 5, 2016.

FOR FURTHER INFORMATION CONTACT: Navid Choudhury, Counsel, Consumer 
Compliance Section, Legal Division, (202) 898-6526 or 
nchoudhury@fdic.gov; or John Jackwood, Senior Policy Analyst, Division 
of Depositor and Consumer Protection, (202) 898-3991or 
jjackwood@fdic.gov.

SUPPLEMENTARY INFORMATION: 

Background

    The final regulations that are the subject of this correction 
implement certain provisions of the Biggert-Waters Flood Insurance 
Reform Act of 2012 and the Homeowner Flood Insurance Affordability Act 
of 2014.

Need for Correction

    As published, the final regulations contain an error which may 
prove to be misleading and needs to be clarified.

List of Subjects in 12 CFR Part 339

    Flood insurance, Reporting and recordkeeping requirements, Savings 
associations.


[[Page 6170]]


    Accordingly, 12 CFR part 339 is corrected by making the following 
amendments:

PART 339--LOANS IN AREAS HAVING SPECIAL FLOOD HAZARDS

0
1. The authority citation for part 339 is added to read as follows:

    Authority:  12 U.S.C. 1462a, 1463, 1464, 1819 (Tenth), 
5412(b)(2)(C) and 42 U.S.C. 4012a, 4104a, 4104b, 4106, and 4128.


0
2. Revise the definition of ``FDIC-supervised institution'' in Sec.  
339.2 to read as follows:


Sec.  339.2  Definitions.

* * * * *
    FDIC-supervised institution means any insured depository 
institution for which the Federal Deposit Insurance Corporation is the 
appropriate Federal banking agency pursuant to section 3(q) of the 
Federal Deposit Insurance Act, 12 U.S.C. 1813(q).
* * * * *

    Dated: February 2, 2016.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2016-02236 Filed 2-4-16; 8:45 am]
 BILLING CODE 6714-01-P