12 CFR 760.1 - Authority, purpose, and scope.

Regulations last checked for updates: Nov 26, 2024

Title 12 - Banks and Banking last revised: Nov 20, 2024

View all text of Part 760 [§ 760.1 - § 760.10]

§ 760.1 - Authority, purpose, and scope.

(a) Authority. This part is issued pursuant to 12 U.S.C. 1757,1789.S.C. 4012a, 4104a, 4104b, 4106, 4128.

(b) Purpose. The purpose of this part is to implement the requirements of the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973, as amended (42 U.S.C. 4001-4129).

(c) Scope. This part, except for §§ 760.6 and 760.8, applies to loans secured by buildings or mobile homes located or to be located in areas determined by the Administrator of the Federal Emergency Management Agency to have special flood hazards. Sections 760.6 and 760.8 apply to loans secured by buildings or mobile homes, regardless of location.

authority: 12 U.S.C. 1757,1784,1789; 42 U.S.C. 4012a,4104a,4104b,4106,and

source: 80 FR 43259, July 21, 2015, unless otherwise noted.

cite as: 12 CFR 760.1