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Allegiance Bank - Flood penalty

Houston, TX
04/04/2019
Fine Amount: 
$3,520
Issued by: 

The FDIC issued an order for a civil money penalty against the bank for having engaged in a pattern or practice of violations by "failing to obtain flood insurance contents coverage at or before loan origination, increase, extension, or renewal on loans secured by a building or mobile home that is located or to be located in a special flood hazard area ... in which flood insurance is available under the National Flood Insurance Act ...."

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