Fed to host webinar on interagency flood insurance rule

The Federal Reserve will host a webinar Tuesday, May 14, at 2 p.m. that will explain the interagency flood insurance rule that requires mortgage lenders to accept both private and government-backed flood insurance policies.

The webinar will review the following topics:

• mandatory acceptance of private flood insurance;
• mandatory acceptance of compliance aid statement;
• discretionary acceptance of private flood insurance;
• flood coverage provided by mutual aid societies; and
• preparations to comply with the rule.

The presentation will also include a question-and-answer segment for participants, who can send questions ahead of time.

To learn more or register, click here.