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OCC announced increase to flood cmp’s

Home Forums Flood Disaster Protection Act OCC announced increase to flood cmp’s

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  • #2661
    aslauter
    Participant

    Looks like the OCC announced the increase on flood cmp’s from $385 to $2000 on November 6 – effective December 6, 2012.

    #3007
    JGo9
    Participant

    The increased Flood CMP’s come from the Biggert-Waters Act. Here is a link to an article that Jack posted on his blog:

    https://jholzknecht.wordpress.com/2012/11/20/increased-civil-monetary-penalties/

    Also, if you are a member of Jack’s Compliance Masters Group, he did a very informative session on these changes and others created by Bigger-Waters Act.

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