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First & Peoples pays $1,500 for flood insurance violations

Russell, KY
12/02/2024
Fine Amount: 
$1,500
Issued by: 

Stipulated consent order to pay a $1,500 penalty for engaging "in a pattern or practice of committing violations of the National Flood Insurance Act of 1968, 42
U.S.C. § 4104a, and section 339.7(a) of the FDIC’s Rules and Regulations, 12 C.F.R. § 339.7(a), by failing to follow force placement flood insurance procedures for three (3) loans."

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