The law › Title 42, The Public Health and Welfare › Chapter 50
42 U.S.C. 4012a: Flood insurance purchase and compliance requirements and escrow accounts
Created in 1973 by Public Law 93-234. Changed by 6 later laws. No bill we track in this Congress changes it.
8 other sections of the Code cite this one, including 12 U.S.C. 2605, 12 U.S.C. 4521, 15 U.S.C. 1639d, 42 U.S.C. 4015, 42 U.S.C. 4101b.
11 parts of federal rules cite it as their authority, written by Comptroller of the Currency, Department of the Treasury (2), Federal Reserve System (2), Federal Deposit Insurance Corporation (2), Farm Credit Administration (2).
- past change
- enacted this Congress
- proposed
This Congress
No bill we track in the 119th Congress changes this section.
How it got here
2014
- Pub. L. 113–89, §13(a), added par. (3). (Homeowner Flood Insurance Affordability Act of 2014) Law text · (c)
- Pub. L. 113–89, §25(a)(1), substituted "subparagraph (B)" for "subparagraph (C)". (Homeowner Flood Insurance Affordability Act of 2014) Law text · (d)
- Pub. L. 113–89, §25(a)(2), substituted "under subparagraph (A)—" for "under subparagraph (A) or (B), if—" in introductory provisions, designated existing provisions as cl. (i) and inserted "if—" after cl. (i) designation, redesignated former cls. (i) and (ii) as subcls. (I) and (… (Homeowner Flood Insurance Affordability Act of 2014) Law text · (d)
2013
- Pub. L. 112–281 inserted "residential" before "improved real estate" in two places. Law text · (d)
2012
- Pub. L. 112–141, §100238(a)(1), substituted "Administrator" for "Director". (Moving Ahead for Progress in the 21st Century Act" or the "MAP-21) Law text · (a)
- Pub. L. 112–141, §100239(a)(1), substituted "; and" for period at end, substituted "institutions—" for "institutions", inserted subpar. (A) designation before "not to make", and added subpar. (B). (Moving Ahead for Progress in the 21st Century Act" or the "MAP-21) Law text · (b)
- Pub. L. 112–141, §100238(a)(1), substituted "Administrator" for "Director". (Moving Ahead for Progress in the 21st Century Act" or the "MAP-21) Law text · (b)
- Pub. L. 112–141, §100239(a)(2), substituted "paragraph (1)(A)" for "paragraph (1)" in two places and inserted "Each Federal agency lender shall accept private flood insurance as satisfaction of the flood insurance coverage requirement under the preceding sentence if the flood insura… (Moving Ahead for Progress in the 21st Century Act" or the "MAP-21) Law text · (b)
- Pub. L. 112–141, §100238(a)(1), substituted "Administrator" for "Director". (Moving Ahead for Progress in the 21st Century Act" or the "MAP-21) Law text · (b)
- Pub. L. 112–141, §100239(a)(3), substituted "paragraph (1)(A). The Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation shall accept private flood insurance as satisfaction of the flood insurance coverage requirement under paragraph (1)(A) if the floo… (Moving Ahead for Progress in the 21st Century Act" or the "MAP-21) Law text · (b)
- Pub. L. 112–141, §100238(a)(1), substituted "Administrator" for "Director". (Moving Ahead for Progress in the 21st Century Act" or the "MAP-21) Law text · (b)
- Pub. L. 112–141, §100239(a)(4), added pars. (5) to (7). (Moving Ahead for Progress in the 21st Century Act" or the "MAP-21) Law text · (b)
- Pub. L. 112–141, §100238(a)(1), substituted "Administrator" for "Director" in two places. (Moving Ahead for Progress in the 21st Century Act" or the "MAP-21) Law text · (c)
- Pub. L. 112–141, §100238(a)(1), substituted "Administrator" for "Director". (Moving Ahead for Progress in the 21st Century Act" or the "MAP-21) Law text · (d)
- Pub. L. 112–141, §100209(a), amended par. (1) generally. Prior to amendment, text read as follows: "Each Federal entity for lending regulation (after consultation and coordination with the Financial Institutions Examination Council) shall by regulation require that, if a regulated lending instituti… (Moving Ahead for Progress in the 21st Century Act" or the "MAP-21) Law text · (d)
- Pub. L. 112–141, §100238(a)(1), substituted "Administrator" for "Director". (Moving Ahead for Progress in the 21st Century Act" or the "MAP-21) Law text · (e)
- Pub. L. 112–141, §100244(a)(1), substituted "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" for "purchasing the insurance". (Moving Ahead for Progress in the 21st Century Act" or the "MAP-21) Law text · (e)
- Pub. L. 112–141, §100244(a)(3), added par. (3). Former par. (3) redesignated (5). (Moving Ahead for Progress in the 21st Century Act" or the "MAP-21) Law text · (e)
- Pub. L. 112–141, §100238(a)(1), substituted "Administrator" for "Director" wherever appearing. (Moving Ahead for Progress in the 21st Century Act" or the "MAP-21) Law text · (e)
- Pub. L. 112–141, §100244(a)(2), (3), added par. (4) and redesignated former pars. (3) and (4) as (5) and (6), respectively. (Moving Ahead for Progress in the 21st Century Act" or the "MAP-21) Law text · (e)
- Pub. L. 112–141, §100208, substituted "$2,000" for "$350" and struck out at end "The total amount of penalties assessed under this subsection against any single regulated lending institution or enterprise during any calendar year may not exceed $100,000." (Moving Ahead for Progress in the 21st Century Act" or the "MAP-21) Law text · (f)
- Pub. L. 112–141, §100238(a)(1), substituted "Administrator" for "Director". (Moving Ahead for Progress in the 21st Century Act" or the "MAP-21) Law text · (h)
2008
- Pub. L. 110–289 substituted "Director of the Federal Housing Finance Agency" for "Director of the Office of Federal Housing Enterprise Oversight of the Department of Housing and Urban Development". (Housing and Economic Recovery Act of 2008) Law text · (f)
1994
- Pub. L. 103–325, §531, substituted section catchline for former section catchline.
- Pub. L. 103–325, §582(c), struck out ", during the anticipated economic or useful life of the project," before "covered by flood insurance" and inserted at end "The requirement of maintaining flood insurance shall apply during the life of the property, regardless of transfer of ownersh… · (a)
- Pub. L. 103–325, §522(a), amended subsec. (b) generally. Prior to amendment, subsec. (b) read as follows: "Each Federal instrumentality responsible for the supervision, approval, regulation, or insuring of banks, savings and loan associations, or similar institutions shall by regulatio… · (b)
- Pub. L. 103–325, §522(b), inserted heading, designated existing provisions as par. (1), inserted par. (1) heading, and added par. (2). · (c)
- Pub. L. 103–325, §§523–526, added subsecs. (d) to (h). · (d), (e), (f), (g), (h)
1983
- Pub. L. 98–181 substituted "Director" for "Secretary" wherever appearing.
Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.