§339.9. Notice of special flood hazards and availability of Federal disaster relief assistance. — Inbound Citations
12 C.F.R. § 339.9
Statutory Authority
Cited by 1 regulation in release Current.
Citations to 12 U.S.C. § 339.9 as a whole
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(b) For any loan for which an FDIC-supervised institution is required to escrow under paragraph (a) or paragraph (c)(2) of this section or may be required to escrow under paragraph (a)(3) of this section during the term of the loan, the FDIC-supervised institution, or a servicer acting on its behalf, shall mail or deliver a written notice with the notice provided under § 339.9 informing the borrower that the FDIC-supervised institution 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.