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CFR › Title 12 › Chapter VII › Subchapter A › Part 760 › Section 760.7

12 CFR 760.7 - Forced placement of flood insurance.

There is 1 rule appearing in the Federal Register for 12 CFR 760. Select the tab below to view, or View eCFR (GPOAccess)
§ 760.7
Forced placement of flood insurance.
If a credit union, or a servicer acting on behalf of the credit union, determines at any time during the term of a designated loan that the building or mobile home and any personal property securing the designated loan is not covered by flood insurance, or is covered by flood insurance in an amount less than the amount required under § 760.3, then the credit union or its servicer shall notify the borrower that the borrower should obtain flood insurance, at the borrower's expense, in an amount at least equal to the amount required under § 760.3, for the remaining term of the loan. If the borrower fails to obtain flood insurance within 45 days after notification, then the credit union or its servicer shall purchase insurance on the borrower's behalf. The credit union or its servicer may charge the borrower for the cost of premiums and fees incurred in purchasing the insurance.
[61 FR 45713, Aug. 29, 1996, as amended at 73 FR 30478, May 28, 2008]

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
USC : Title 12 - BANKS AND BANKING

§ 1757 - Powers

§ 1789 - Administrative provisions

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

§ 4012a - Flood insurance purchase and compliance requirements and escrow accounts

§ 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