Rules Affecting Fair Housing and Flood Insurance Updated

As part of the 2011 review cycle, the National Credit Union Administration (NCUA) identified the need for corrections to the rules governing fair housing and flood insurance. The final rule adopted by the board will require credit unions to update both their Equal Housing Lender sign as well as the standard flood hazard determination form.

The update to the Equal Housing Lender sign involves a simple change of title to reflect that the board has designated the Office of Consumer Protection to hear discrimination complaints under the Fair Housing Act and Equal Credit Opportunity Act. The Office of Examination and Insurance previously was assigned this responsibility. The rule amends section 701.31 to remove references to “Office of Examination and Insurance” and replaces those references with “Office of Consumer Protection” in order to conform to current agency practice.

The second update involves a change of information that must be listed on the standard flood hazard determination form used by credit unions. This change updates section 760.6, which requires the Federal Emergency Management Administration’s (FEMA’s) mailing address (FEMA, P.O. Box 2012, Jessup, MD 20794–2012), which is listed on these forms, to be replaced with its web address (

Although this final rule became effective upon publication in the Federal Register on Wednesday, March 21, 2012, credit unions engaging in real estate-related lending will have a reasonable amount of time to post updated Equal Housing Lender signs in public areas (as required by the first update to Part 701 nondiscrimination requirements).


Questions? Contact the Compliance Hotline: 1.800.546.4465,

Posted in Compliance News, Events, NCUA.