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e-CFR
Data is current as of May 23, 2011

Title 12:
Banks and Banking
PART 572—LOANS IN AREAS HAVING SPECIAL FLOOD
HAZARDS

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§ 572.6   Required use of standard flood hazard
determination form.

(a) Use of form. A savings association shall use the standard
flood hazard determination form developed by the Director of FEMA when
determining whether the building or mobile home offered as collateral
security for a loan is or will be located in a special flood hazard area
in which flood insurance is available under the Act. The standard flood
hazard determination form may be used in a printed, computerized, or
electronic manner. A savings association may obtain the standard flood
hazard determination form from FEMA, P.O. Box 2012, Jessup, MD
20794–2012.

(b) Retention of form. A savings association shall retain a copy
of the completed standard flood hazard determination form, in either hard
copy or electronic form, for the period of time the savings association
owns the loan.

[61 FR 45709, Aug. 29, 1996, as amended at 64 FR 69185, Dec. 10,
1999]

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