Skip to content

Mainland Bank flood pays flood penalty

Texas City, TX
01/23/2019
Fine Amount: 
$2,700
Issued by: 

The FDIC issued a consent Order to Pay a Civil Money Penalty of $2,700 to Mainland Bank after determining that the bank has engaged in a pattern or practice of committing violations of section 102(b)(l) of the Flood Disaster Protection Act (FDPA) and section 339.3(a) of the FDIC Rules and Regulations, by failing to obtain flood insurance coverage at or before loan origination, increase, renewal, or extension on twenty-five (25) loans secured by a building or mobile home that is located or to be located in a special flood hazard area, as designated by the Administrator of the Federal Emergency Management Agency, in which flood insurance is available under the National Flood Insurance Act of 1968.

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