§22.9. Notice of special flood hazards and availability of Federal disaster relief assistance. — Inbound Citations
12 C.F.R. § 22.9
Statutory Authority
Cited by 1 regulation in release Current.
Citations to 12 C.F.R. § 22.9 as a whole
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(b) For any loan for which a national bank or Federal savings association is required to escrow under paragraphs (a)(1) or (c)(2) of this section or may be required to escrow under paragraphs (a)(3) of this section during the term of the loan, the national bank or Federal savings association, or a servicer acting on its behalf, shall mail or deliver a written notice with the notice provided under § 22.9 informing the borrower that the national bank or Federal savings association is required to escrow all premiums and fees for required flood insurance, using language that is substantially similar to model clauses on the escrow requirement in appendix A to this part.