Legal Ease is a ‘question of the week’ chosen from actual calls and emails received by our compliance team. Specific questions posed by community bankers are answered in an easy to understand format. Citations to relevant regulations and commentary are routinely provided. A ‘compliance tip’ is usually included at the bottom of each Legal Ease as a best practice or something to watch out for. Past Legal Ease are included in a searchable archive here.
Question of the Week
Flood maps in our area changed in August, 2018. Some customers affected have maintained a “voluntary flood policy” for zone C. Is the Bank allowed to accept this policy that has Zone C until it renews in 2019 (which should then reference the new zone A)?
Learn the answer here.