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First Financial Bank, N.A. Hamilton, Ohio: Flood CMP

Hamilton, OH
10/02/2015
Fine Amount: 
$11,700
Issued by: 

The Comptroller of the Currency announced it has issued an Order of Assessment of a $11,700 civil money penalty against First Financial Bank, N.A., Hamilton, Ohio, pursuant to 42 U.S.C. § 4012a(f), for a pattern or practice of making or renewing loans where the property securing the designated loans are covered by flood insurance in an amount less than is required; failing to notify borrowers and to force place adequate flood insurance, if not obtained by the borrower, within 45 days of the Bank’s determination that flood insurance was insufficient or lacking; failing to provide timely notice to borrowers of special flood hazards and availability of federal disaster relief assistance; and failing to ensure that borrowers signed such notices prior to loan origination.

CMP order: http://www.occ.gov/static/enforcement-actions/ea2015-103.pdf

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