Bank of Star City - Flood Penalty
The Federal Reserve Board has issued an Order of Assessment of a Civil Money Penalty under the National Flood Insurance Act to Bank of Star City, Star City, Arkansas, ordering the payment of $11,000 to the National Flood Insurance Program, for deposit by FEMA into the National Flood Mitigation Fund. The order indicates it was issued "in connection with the Bank’s pattern or practice of violations of Regulation H, 12 C.F.R. § 208.25, that implements the requirements of the Act."
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