2 Apr 2025
🌊Proposed Regulation H
Proposed Agency Information Collection Activities; Comment Request
Summary
The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to extend for three years, without revision, the Recordkeeping and Disclosure Requirements Associated with Regulation H (Loans Secured by Real Estate Located in Flood Hazard Areas) (FR H-2; OMB No. 7100-0280).
Agencies
- Federal Reserve System
Business Impact
$$ - Med
The notice outlines requirements for state member banks regarding flood insurance for loans secured by real estate in flood hazard areas. It calls for public comments on the proposal, which may impact compliance and operational costs for affected businesses. Businesses that do not comply face potential financial risks and liabilities.