OCC announced increase to flood cmp’s

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November 20, 2012 at 2:53 pm EST #2661

aslauter
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Looks like the OCC announced the increase on flood cmp’s from $385 to $2000 on November 6 – effective December 6, 2012.
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November 26, 2012 at 2:50 pm EST #3007

JGo9
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The increased Flood CMP’s come from the Biggert-Waters Act. Here is a link to an article that Jack posted on his blog:

https://jholzknecht.wordpress.com/2012/11/20/increased-civil-monetary-penalties/

Also, if you are a member of Jack’s Compliance Masters Group, he did a very informative session on these changes and others created by Bigger-Waters Act.
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