Page 11 - August 2018

Insurance Program (NFIP). Comments are due regulations to codify certain provisions of the
11/01/2018. The notice may be viewed at: Biggert-Waters Flood Insurance Reform Act of 2012
https://www.gpo.gov/fdsys/pkg/FR-2018-08- and the Homeowner Flood Insurance Affordability
03/pdf/2018-16666.pdf. Federal Register, Vol. Act of 2014 that FEMA has already implemented and
83, No. 150, 08/03/2018, 38160-38161. to clarify certain existing NFIP rules relating to NFIP
operations and the Standard Flood Insurance Policy.
• FEMA has requested comments on proposed Comments are due 09/14/2018. The notice may be
viewed at: https://www.gpo.gov/fdsys/pkg/FR-2018-
flood hazard determinations, which may include 07-16/pdf/2018-13292.pdf. Federal Register, Vol.
additions or modifications of any Base Flood 83, No. 136, 07/16/2018, 32956-33015.
Elevation (BFE), base flood depth, Special Flood
Hazard Area (SFHA) boundary or zone FEMA Issues Correction to Proposed
designation, or regulatory floodway on the Flood Amendments to NFIP.
Insurance Rate Maps (FIRMs), and where
applicable, in the supporting Flood Insurance On 07/16/2018, FEMA published a proposed rule
Study (FIS) reports for communities in the states which would revise the National Flood Insurance
of Massachusetts, Montana, and Rhode Island. Program’s (NFIP’s) regulations to codify certain
The FIRM and FIS report are the basis of the provisions of the Biggert-Waters Flood Insurance
floodplain management measures that the Reform Act of 2012 and the Homeowner Flood
community is required either to adopt or to show Insurance Affordability Act of 2014 that FEMA has
evidence of having in effect in order to qualify or already implemented and to clarify certain existing
remain qualified for participation in the National NFIP rules relating to NFIP operations and the
Flood Insurance Program (NFIP). Comments are Standard Flood Insurance Policy. In the preamble to
due 11/05/2018. The notice may be viewed at: the proposed rule, an incorrect web address appeared.
https://www.gpo.gov/fdsys/pkg/FR-2018-08- This correction fixes that address. In proposed rule
07/pdf/2018-16876.pdf. Federal Register, Vol. document 2018–13292 appearing on pages 32956
through 33015 in the issue of 07/16/2018, make the
83, No. 152, 08/07/2018, 38720-38722. following correction: On page 32957, in the third
column, in the first full paragraph, correct the web
• FEMA has requested comments on proposed address “www.nfipservice.com” to read
flood hazard determinations, which may include “https://www.nfipdirect.fema.gov.” The correction is
additions or modifications of any Base Flood effective 08/07/2018. The closing of the comment
Elevation (BFE), base flood depth, Special Flood period for the proposed rule published 07/16/2018, at
Hazard Area (SFHA) boundary or zone 83 FR 39256, remains 11/14/2018.
designation, or regulatory floodway on the Flood The correction may be viewed at:
Insurance Rate Maps (FIRMs), and where https://www.gpo.gov/fdsys/pkg/FR-2018-08-
applicable, in the supporting Flood Insurance 07/pdf/2018-16718.pdf. Federal Register, Vol. 83,
Study (FIS) reports for communities in the states No. 152, 08/07/2018, 38676.
of Iowa, Kansas, Minnesota, and Ohio. The FinCEN Extends Limited Exception from
FIRM and FIS report are the basis of the Beneficial Ownership Requirements.
floodplain management measures that the
community is required either to adopt or to show The Financial Crimes Enforcement Network
evidence of having in effect in order to qualify or (FinCEN) issued a 90-day limited exceptive relief to
remain qualified for participation in the National covered financial institutions from the obligations of
Flood Insurance Program (NFIP). Comments are the Beneficial Ownership Rule for Legal Entity
Customers (Beneficial Ownership Rule) on
due 11/07/2018. The notice may be viewed at: 05/16/2018 for certain financial products and services
https://www.gpo.gov/fdsys/pkg/FR-2018-08- (i.e., certificate of deposit or loan accounts) that were
09/pdf/2018-17077.pdf. Federal Register, Vol. established before the Beneficial Ownership Rule’s
83, No. 154, 08/09/2018, 39455-39457. Applicability Date, 05/11/2018. The exception
originally expired on 08/09/2018. FinCEN is
FEMA Proposes Amendments to NFIP. extending the limited exception for an additional 30
days, up to and including 09/08/2018, from the
FEMA proposed amendments to revise the National obligations of the Beneficial Ownership Rule for
Flood Insurance Program (NFIP), implementing rollover or renewal of certain financial products and
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