12 CFR 614.4940
§ 614.4940 Required use of standard flood hazard determination form.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 614.4940, § 614.4940 Required use of standard flood hazard determination form, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/47799
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Full text
(a) Use of form. A System institution shall use the standard flood hazard determination form developed by the Administrator of FEMA when determining whether the building or mobile home offered as collateral security for a loan is or will be located in a special flood hazard area in which flood insurance is available under the 1968 Act. The standard flood hazard determination form may be used in a printed, computerized, or electronic manner. A System institution may obtain the standard flood hazard determination form from FEMA's Web site at www.fema.gov.
(b) Retention of form. A System institution shall retain a copy of the completed standard flood hazard determination form, in either hard copy or electronic form, for the period of time the System institution owns the loan.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.