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CFR › Title 12 › Chapter VII › Subchapter A › Part 760 › Section 760.3

12 CFR 760.3 - Requirement to purchase flood insurance where available.

There is 1 rule appearing in the Federal Register for 12 CFR 760. Select the tab below to view, or View eCFR (GPOAccess)
§ 760.3
Requirement to purchase flood insurance where available.
(a) In general. A credit union shall not make, increase, extend, or renew any designated loan unless the building or mobile home and any personal property securing the loan is covered by flood insurance for the term of the loan. The amount of insurance must be at least equal to the lesser of the outstanding principal balance of the designated loan or the maximum limit of coverage available for the particular type of property under the Act. Flood insurance coverage under the Act is limited to the overall value of the property securing the designated loan minus the value of the land on which the property is located.
(b) Table funded loan. A credit union that acquires a loan from a mortgage broker or other entity through table funding shall be considered to be making a loan for the purposes of this part.

Title 12 published on 2012-01-01

The following are only the Rules published in the Federal Register after the published date of Title 12.

For a complete list of all Rules, Proposed Rules, and Notices view the Rulemaking tab.

  • 2012-03-21; vol. 77 # 55 - Wednesday, March 21, 2012
    1. 77 FR 16425 - Technical Amendments
      GPO FDSys XML | Text
      NATIONAL CREDIT UNION ADMINISTRATION
      Final rule.
      This rule is effective March 21, 2012.
      12 CFR Parts 701, 760, and 790

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.

United States Code
U.S.C. : Title 42 - THE PUBLIC HEALTH AND WELFARE

§ 4104a - Notice requirements

§ 4104b - Standard hazard determination forms

§ 4106 - Nonparticipation in flood insurance program

§ 4128 - Rules and regulations

Title 12 published on 2012-01-01

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 12 CFR 760 after this date.

  • 2012-03-21; vol. 77 # 55 - Wednesday, March 21, 2012
    1. 77 FR 16425 - Technical Amendments
      GPO FDSys XML | Text
      NATIONAL CREDIT UNION ADMINISTRATION
      Final rule.
      This rule is effective March 21, 2012.
      12 CFR Parts 701, 760, and 790