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Economic Growth and Regulatory Paperwork Reduction Act with EGRPRA logo on left side

Comment

  

From: Russ Comer [mailto:comerr@scottcountystatebank.com]
Sent: Monday, August 15, 2005 8:54 AM
To: regs.comments@federalreserve.gov; Comments; regs.comments@occ.treas.gov; regs.comments@ots.treas.gov
Subject: EGRPRA

Why in the world do banks need to monitor and check flood zone determinations?  Do you not realize that some people do purchase and own property that do not obtain mortgages and there are some people that pay off their mortgages? 
This is a burden that should fall to the insurance industry and not the banking industry. 
Talk about paperwork and regulatory burden  look at some of these regs.

 
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