source:
  type: regulation
  id: flood-12cfr-22.7
  authority: 12 CFR §22.7 — Force placement of flood insurance
  description: 12 CFR §22.7 — Force placement of flood insurance.
  coverage_tier: operative
obligations:
- id: flood-12cfr-22.7-full
  canonical_id: flood-12cfr-22.7-full
  section: 12 CFR §22.7 — Force placement of flood insurance
  type: do
  tags:
  - regulator-direct
  - flood
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: 12 CFR §22.7 — Force placement of flood insurance
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/22.7
    snapshot_id: 30247f84706a3fde
    fetched_at: '2026-06-17T20:22:50Z'
    content_hash: sha256:67df266b5f70ff8596f2149d9f0c72713090b00758b8c0b57296f2726e541e6d
    paragraph_quote: '§ 22.7 Force placement of flood insurance. (a) Notice and purchase
      of coverage. If a national bank or Federal savings association , or a servicer
      acting on behalf of the bank or savings association, determines at any time
      during the term of a designated loan , that the building or mobile home and
      any personal property securing the designated loan is not covered by flood insurance
      or is covered by flood insurance in an amount less than the amount required
      under § 22.3 , then the national bank or Federal savings association , or a
      servicer acting on its behalf, shall notify the borrower that the borrower should
      obtain flood insurance, at the borrower''s expense, in an amount at least equal
      to the amount required under § 22.3 , for the remaining term of the loan. If
      the borrower fails to obtain flood insurance within 45 days after notification,
      then the national bank or Federal savings association , or its servicer , shall
      purchase insurance on the borrower''s behalf. The national bank or Federal savings
      association , or its servicer , may charge the borrower for the cost of premiums
      and fees incurred in purchasing the insurance, including premiums or fees incurred
      for coverage beginning on the date on which flood insurance coverage lapsed
      or did not provide a sufficient coverage amount. (b) Termination of force-placed
      insurance —(1) Termination and refund. Within 30 days of receipt by a national
      bank or Federal savings association , or by a servicer acting on its behalf,
      of a confirmation of a borrower''s existing flood insurance coverage, the national
      bank or Federal savings association , or its servicer , shall: (i) Notify the
      insurance provider to terminate any insurance purchased by the national bank
      or Federal savings association , or its servicer , under paragraph (a) of this
      section; and (ii) Refund to the borrower all premiums paid by the borrower for
      any insurance purchased by the national bank or Federal savings association
      , or by its servicer , under paragraph (a) of this section during any period
      during which the borrower''s flood insurance coverage and the insurance coverage
      purchased by the national bank or Federal savings association , or its servicer
      , were each in effect, and any related fees charged to the borrower with respect
      to the insurance purchased by the national bank or Federal savings association
      , or its servicer , during such period. (2) Sufficiency of demonstration. For
      purposes of confirming a borrower''s existing flood insurance coverage under
      paragraph (b) of this section, a national bank or Federal savings association
      , or a servicer acting on its behalf, shall accept from the borrower an insurance
      policy declarations page that includes the existing flood insurance policy number
      and the identity of, and contact information for, the insurance company or agent.'
  judgment: false
