On February 12, 2019, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, the Farm Credit Administration, and the National Credit Union Administration (collectively, the “Agencies”) issued final regulations that require regulated lending institutions to accept private flood insurance in lieu of flood insurance issued under the National Flood Insurance Program (“NFIP”) when flood insurance is required provided that the private policy meets certain qualifications. Continue reading >