Skip to main content
U.S. flag
An official website of the United States government
Dot gov
The .gov means it’s official. 
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site.
Https
The site is secure. 
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.
INACTIVE
This page is no longer active. Its content has expired or been rescinded by the FDIC.
Financial Institution Letter

Mandatory Purchase of Flood Insurance 2007 Edition of FEMA Booklet

Summary: The Federal Emergency Management Agency (FEMA) has released an updated electronic edition of its booklet Mandatory Purchase of Flood Insurance Guidelines .

Highlights:

  • The 2007 edition of FEMA's flood insurance booklet has been released and can be downloaded at http://www.fema.gov/library/viewRecord.do?id=2954 . A print version of the booklet can be ordered by calling 1-800-480-2520.
  • This booklet clarifies some of the complex issues that have arisen since the 1999 edition. It also highlights certain program changes, including:
    • Processing of Letters of Map Change.
    • Options for purchasing coverage for buildings under construction.
    • Coverage under Residential Condominium Building Association Policies (RCBAP).
    • A new requirement to list the Replacement Cost Value on the declarations page of each RCBAP.
    • Updated Mortgage Portfolio Protection Program information.

Distribution:
FDIC-Supervised Banks (Commercial and
Savings)

Suggested Routing:
Chief Executive Officer
Compliance Officer
Loan Officers
Auditors

Note:
FDIC financial institution letters (FILs) may be accessed from the FDIC's Web site at www.fdic.gov/news/financial-institution-letters/2007/index.html .

To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html .

Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 3501 Fairfax Drive, Room E 1002, Arlington, VA 22226 (1-877-275-3342 or 703-562-2200).



FIL-106-2007

Last Updated: December 6, 2007