Skip to content

First Chatham Bank pays $12,000 flood penalty

Savannah, GA
Fine Amount: 
Issued by: 

The FDIC civil money penalty was imposed after a finding that the bank had engaged in a pattern or practice of violations of the Flood Disaster Protection Act, the notice requirements under section 1364 of the National Flood Insurance Act of 1968, 12 C.F.R. Part 339 of the FDIC's Rules, because the bank made, increased, extended, or renewed loans secured by a building or mobile home located in a special flood hazard area or to be located in a special flood hazard area without providing timely notice to the borrower and/or the servicer as to whether flood insurance was available for the collateral.

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