12 CFR §22.4 — Exemptions
12 CFR §22.4 — Exemptions.
Verbatim regulatory text
Verbatim provisions from 12 CFR §22.4 — Exemptions — 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 §22.4 — Exemptions
§ 22.4 Exemptions. The flood insurance requirement prescribed by § 22.3 does not apply with respect to: (a) Any State-owned property covered under a policy of self-insurance satisfactory to the Administrator of FEMA , who publishes and periodically revises the list of States falling within this exemption; (b) Property securing any loan with an original principal balance of $5,000 or less and a repayment term of one year or less; or (c) Any structure that is a part of any residential property but is detached from the primary residential structure of such property and does not serve as a residence. For purposes of this paragraph (c): (1) “A structure that is a part of a residential property” is a structure used primarily for personal, family, or household purposes, and not used primarily for agricultural, commercial, industrial, or other business purposes; (2) A structure is “detached” from the primary residential structure if it is not joined by any structural connection to that structure; and (3) “Serve as a residence” shall be based upon the good faith determination of the national bank or Federal savings association that the structure is intended for use or actually used as a residence, which generally includes sleeping, bathroom, or kitchen facilities.
Operationalizing 12 CFR §22.4 — Exemptions
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-22-4/
· register flood-12cfr-22-4 · Claude for Compliance. Free to read and download;
see regulatory updates and methodology.