Citibank recently paid $17,998,510.00 pursuant to a consent order for failing to place floord "insurance in a timely manner on residential Designated Loans and engaged in a pattern or practice of violations of the Flood Act and its implementing regulations, including 12 C.F.R. § 22.7(a)".
That's almost eighteen million reasons to care.
Tuesday, February 18, 2020
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Why do banks care about your flood insurance?
Why do banks care about your flood insurance?
OCC
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