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30/pdf/2018-18831.pdf. Federal Register, Vol. Register, Vol. 83, No. 173, 09/06/2018, 45268-
83, No. 169, 08/30/2018, 44286-44289. 45271.

• FEMA issued new or modified Base (1% annual- FEMA Requests Comment on
chance) Flood Elevations (BFEs), base flood Information Collections.
depths, Special Flood Hazard Area (SFHA)
boundaries or zone designations, and/or • FEMA announced it seeks comment on the
regulatory floodways (hereinafter referred to as information collection titled Manufactured
flood hazard determinations) as shown on the Housing Operations Forms. FEMA also gave
indicated Letter of Map Revision (LOMR) for notice that it sent the collection to OMB for
communities in the states of Arizona, review. Comments are due 09/27/2018. The
California, Florida, Illinois, Indiana, notice may be viewed at:
Minnesota, Missouri, Nebraska, Nevada, New https://www.gpo.gov/fdsys/pkg/FR-2018-08-
Jersey, New York, Ohio, Oregon, and 28/pdf/2018-18561.pdf. Federal Register Vol.
Wisconsin. Each LOMR revises the Flood 83, No. 167, 08/28/2018, 43886-43887.
Insurance Rate Maps (FIRMs), and in some
cases the Flood Insurance Study (FIS) reports, • FEMA announced it seeks comment on the
currently in effect for the listed communities. information collection titled Application for
The flood hazard determinations modified by Community Disaster Loan (CDL) Program.
each LOMR will be used to calculate flood FEMA also gave notice that it sent the collection
insurance premium rates for new buildings and to OMB for review. Comments are due
their contents. The effective date for each LOMR 10/09/2018. The notice may be viewed at:
is indicated in the table in the final notice. The https://www.gpo.gov/fdsys/pkg/FR-2018-09-
notice may be viewed at: 06/pdf/2018-19250.pdf. Federal Register, Vol.
https://www.gpo.gov/fdsys/pkg/FR-2018-09- 83, No. 173, 09/06/2018, 45268.
06/pdf/2018-19338.pdf. Federal Register, Vol.
83, No. 173, 09/06/2018, 45271-45275. FinCEN Grants Exceptive Relief from
Beneficial Ownership Requirements for
• FEMA issued new or modified Base (1% annual- Certain Accounts.
chance) Flood Elevations (BFEs), base flood
depths, Special Flood Hazard Area (SFHA) The Financial Crimes Enforcement Network
boundaries or zone designations, and/or (FinCEN) issued a ruling granting exceptive relief to
regulatory floodways (hereinafter referred to as covered financial institutions from the obligations of
flood hazard determinations) as shown on the the Beneficial Ownership Requirements for Legal
indicated Letter of Map Revision (LOMR) for Entity Customers and its requirement to identify and
communities in the states of Arkansas, verify the identity of the beneficial owner(s) when a
Colorado, Florida, Georgia, Illinois, legal entity customer opens a new account as a result
Massachusetts, Montana, Oklahoma, of a rollover of a certificate of deposit (CD); a
Pennsylvania, Texas, and Virginia. Each renewal, modification, or extension of a loan that
LOMR revises the Flood Insurance Rate Maps does not require underwriting review and approval; a
(FIRMs), and in some cases the Flood Insurance renewal, modification, or extension of a commercial
line of credit or credit card account that does not
Study (FIS) reports, currently in effect for the require underwriting review and approval; and a
listed communities. The flood hazard renewal of a safe deposit box rental. The exception
determinations modified by each LOMR will be only applies to the rollover, renewal, modification, or
used to calculate flood insurance premium rates extension of any of the types of accounts listed above
for new buildings and their contents. The occurring on or after 05/11/2018, and does not apply
effective date for each LOMR is indicated in the to the initial opening of such accounts. The notice
table in the final notice. The notice may be may be viewed at:
viewed at: https://www.gpo.gov/fdsys/pkg/FR- https://www.fincen.gov/sites/default/files/administrat
2018-09-06/pdf/2018-19330.pdf. Federal ive_ruling/2018-09-
07/Permanent%20Exceptive%20Relief%20Extension

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