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  "title": "12 CFR 22.3 - Requirement to purchase flood insurance where available",
  "publisher": "Legal Information Institute, Cornell Law School (republishing the Code of Federal Regulations)",
  "url": "https://www.law.cornell.edu/cfr/text/12/22.3",
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  "accessedDate": "2026-08-31",
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  "updateCadence": "Amended by the federal banking agencies through joint rulemaking.",
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      "text": "A national bank or Federal savings association shall not make, increase, extend, or renew any designated loan unless the building or mobile home and any personal property securing the loan is covered by flood insurance for the term of the loan."
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      "text": "The amount of insurance must be at least equal to the lesser of the outstanding principal balance of the designated loan or the maximum limit of coverage available for the particular type of property under the Act."
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      "text": "A national bank or Federal savings association that acquires a loan from a mortgage broker or other entity through table funding shall be considered to be making a loan for purposes of this part."
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      "text": "By its own terms this part binds national banks and Federal savings associations."
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      "title": "What does a lender insurance requirement actually prove?",
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  "citation": {
    "text": "Legal Information Institute, Cornell Law School (republishing the Code of Federal Regulations). \"12 CFR 22.3 - Requirement to purchase flood insurance where available.\" unknown. https://www.law.cornell.edu/cfr/text/12/22.3 (retrieved 2026-08-31).",
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