On July 6, 2012, Congress amended the Flood Disaster Protection Act of 1973 when it enacted the Biggert-Waters Act. Certain provisions of the Biggert-Waters Act impact regulations, as well as guidance that the federal financial institution supervisory agencies have provided to lenders to assist them in complying with federal flood insurance statutes. In response, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the National Credit Union Administration, and the Farm Credit Administration (the Agencies) developed the attached guidance to inform financial institutions about these provisions of the Biggert-Waters Act.