12 CFR §22.10 — Notice of servicer's identity
12 CFR §22.10 — Notice of servicer's identity.
Verbatim regulatory text
Verbatim provisions from 12 CFR §22.10 — Notice of servicer's identity — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
12 CFR §22.10 — Notice of servicer's identity
§ 22.10 Notice of servicer 's identity. (a) Notice requirement. When a national bank or Federal savings association makes, increases, extends, renews, sells, or transfers a loan secured by a building or mobile home located or to be located in a special flood hazard area , it shall notify the Administrator of FEMA (or the Administrator's designee) in writing of the identity of the servicer of the loan. The Administrator of FEMA has designated the insurance provider to receive the national bank 's or Federal savings association 's notice of the servicer 's identity. This notice may be provided electronically if electronic transmission is satisfactory to the Administrator of FEMA 's designee. (b) Transfer of servicing rights. The national bank or Federal savings association shall notify the Administrator of FEMA (or the Administrator's designee) of any change in the servicer of a loan described in paragraph (a) of this section within 60 days after the effective date of the change. This notice may be provided electronically if electronic transmission is satisfactory to the Administrator of FEMA 's designee. Upon any change in the servicing of a loan described in paragraph (a) of this section, the duty to provide notice under this paragraph (b) shall transfer to the transferee servicer .
Operationalizing 12 CFR §22.10 — Notice of servicer's identity
This is verbatim, source-snapshotted regulator text from the Claude for Compliance open corpus. To turn a rule like this into compliance work product: gap-analyze your policies and procedures (P&Ps) against these requirements to surface stale, conflicting, or missing provisions; operationalize any change with a ready-to-run update kit; and produce audit-ready evidence — every step grounded only in the regulator’s own words, never invented.
Source of record: https://claudeforcompliance.com/regs/flood-12cfr-22-10/
· register flood-12cfr-22-10 · Claude for Compliance. Free to read and download;
see regulatory updates and methodology.