Skip to content

Heritage Bank, Inc. - Flood Penalty

Erlanger, KY
02/14/2017
Fine Amount: 
$8,500
Issued by: 

The FDIC considered the matter and determined that the Bank has engaged in a pattern or practice of committing violations of the FDPA and/or the notice requirements under section 1364 of the National Flood Insurance Act of 1968, 42 U.S.C. 4104a, and/or Part 339 of the FDIC’s Rules and Regulations, 12 C.F.R. Part 339 by:
* Section 339.3(a) of the FDIC Rules and Regulations, 12 C.F.R. §339.3(a), by allowing flood insurance to lapse during the term of the loan in one instance; and failing to obtain adequate flood insurance in three instances; and
* Section 339.7 of the FDIC Rules and Regulations, 12 C.F.R. §339.7, by failing to follow force place procedures in eleven instances.

Penalties View All

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Penalties