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Colonial Savings, FA

Fort Worth, TX
04/13/2017
Fine Amount: 
$87,500
Issued by: 

The OCC has released a Stipulation and Consent Order issued to Colonial Savings, Federal Association, Fort Worth, Texas, ordering Colonial to pay a Civil Money Penalty of $87,500 to the National Flood Insurance Program, because of a "pattern or practice of failing to ensure the timely notification and force-placement of the requisite amounts of flood insurance on property securing loans in a special flood hazard area in which flood insurance is available under the National Flood Insurance Act ...."

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