Private flood policies are mentioned in the current Q&A proposal, but they are expected to be discussed in more detail in the future. We can’t speculate on when that will be. This may be a request to add to any comment letters. The release addressing this Q&A proposal said only that it would be at a “later date” so for now, watch for a proposal, guidance and what your peers are hearing and doing which seems to pass all the proverbial tests.
Learn more about Andy Zavoina’s Annual LENDING Compliance Recap webinar.