National Flood Association Issues Public Comment on Comptroller of Currency Proposed Rule
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We applaud the Agencies' collective efforts to prepare and release the proposed guidance and needed update to the "
The Q&A has been a critical resource for lenders, service providers, and other stakeholders for many years; therefore, when revisions are proposed, it is critical that impacted parties consider and comprehend these proposed changes in order that the Agencies can have the benefit of thoughtful feedback for deliberation. Thus, we appreciate this comment period and look forward to providing our comments for your consideration. We also know that member companies are working on their own respective comments and we invite your consideration of these as well.
Given the criticality of the resource, the volume and depth of content that needed to be included from 2012 and 2014 laws, and the number of new or substantially revised questions and answers, we respectfully request an additional 60 days after the current
Thank you for consideration of this request. We look forward to contributing to this important effort.
Sincerely,
Executive Director
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The proposed rule can be viewed at: https://beta.regulations.gov/document/OCC-2020-0008-0002
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