Examples of Federal agency lender in a sentence
Each Federal agency lender shall issue any regulations necessary to carry out this paragraph.
Each Federal agency lender shall by regulation provide for the use of the form with respect to any loan made by such Federal agency lender.
Each Federal agency lender shall by regu- lation provide for the use of the form with re- spect to any loan made by such Federal agency lender.
The policy should also state that, to be effective, such notice must be mailed to both the insured and the lender or Federal agency lender, and must include information about the availability of flood insurance coverage under the NFIP.
Each Federal agency lender shall by regula- tion provide for notification in the manner provided under paragraph (1) with respect to any loan described in subsection (a)(1) of this section that is made by the Federal agency lender.
Each Federal agency lender shall by regula- tion require notification in the manner pro- vided under paragraph (1) with respect to any loan that is made by the Federal agency lend- er and secured by improved real estate or a mobile home located or to be located in an area that has been identified by the Adminis- trator under this chapter or the Flood Disas- ter Protection Act of 1973 as an area having special flood hazards.
Each Federal agency lender shall by regula- tion require and provide for escrow and pay- ment of any flood insurance premiums and fees relating to residential improved real es- tate and mobile homes securing loans made by the Federal agency lender under the circum- stances and in the manner provided under paragraph (1).
The policy should also state that, to be effective, such notice must be mailed to both the insured and the lender or Federal agency lender, and must include information about the avail-Section E.
The statute in §4012a(b)(2) gives a new name to this category of lender, known as the "Federal agency lender." The law now broadens the flood insurance requirement to specifically include loans on applicable real estate secured by Federal agencies.
The law requires Federal agency lender regulators to develop regulations to direct their federally regulated lenders not to make, increase, extend, or renew any loan on applicable property unless flood insurance is purchased.