12 C.F.R. § 760.4 Exemptions.
Title 12 - Banks and Banking
The flood insurance requirement prescribed by §760.3 does not apply with respect to: (a) Any State-owned property covered under a policy of self-insurance satisfactory to the Director of FEMA, who publishes and periodically revises the list of States falling within this exemption; or (b) Property securing any loan with an original principal balance of $5,000 or less and a repayment term of one year or less.
Title 12: Banks and Banking
PART 760—LOANS IN AREAS HAVING SPECIAL FLOOD HAZARDS
§ 760.4 Exemptions.
