The FDIC's Board approved a final rule today that addresses the flood escrow provision, detached structures, force placement of flood, and changes to the flood disclosure. They said they would address private flood insurance in a separate rulemaking. The escrow provision is effective 1/1/16 and other provisions are effective 10/15/15. The rule is interagency and will also include the FRB, OCC, NCUA, and the FCA. It should be published in the Federal Register soon.
FDIC Staff Memo To Board on Final Rule FDIC Text of Flood Final Rule in Non-FR Format