FYI - The FDIC, the OCC, and the NCUA do not have a requirement that financial institutions change third-party vendors on a periodic basis. Any such decision is a management decision not a regulatory decision.
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FDIC
FYI - The FDIC, the OCC, and the NCUA do not have a requirement that financial institutions change third-party vendors on a periodic basis. Any such decision is a management decision not a regulatory decision.
The 2nd Page Notice to Borrower that we provide with our Flood determinations has been altered to include the language outlined in the Final Rule ( FDIC Final Rule ).
Please contact our flood department if you have any questions.