U.S. Department of Homeland Security
500 C Street, SW
Washington, DC 20472


W-10101
December 17, 2010 


MEMORANDUM FOR: Write Your Own (WYO) Principal Coordinators and the  National Flood Insurance Program (NFIP) Servicing Agent 

FROM: Dennis L. Kuhns Division Director, Risk Insurance Federal Insurance and Mitigation Administration 

SUBJECT: Links to Guidance from the Six Federal Lending Regulators Regarding 
the Preferred Risk Policy Eligibility Extension 


W-10089, Guidance for Lenders: Preferred Risk Policy (PRP) 2-year Extension, distributed on 
September 14, 2010, provided you with materials developed in conjunction with our Federal Agency 
Regulator partners that were intended to provide lenders with the basic understanding of the 
Preferred Risk Policy Eligibility Extension needed to fulfill their responsibilities under federal 
mandatory flood insurance legislation. 


Subsequently, all six Federal agencies for lending regulation have drafted their own announcements 
for the institutions they supervise. This bulletin provides you with links to those announcements: 
 

1. National Credit Union Administration – Flood Insurance May Be Extended at Lower Cost 
http://www.ncua.gov/news/express/xfiles/10-RA-14.pdf 


2. Federal Reserve – FEMA Preferred Risk Policies (PRP) – Two Year Extension of Eligibility 
for Purchasing a Preferred Risk Policy 
http://www.federalreserve.gov/boarddocs/caletters/2010/1013/caltr1013.htm 
 

3. Office of Thrift Supervision – FEMA Preferred Risk Policies (PRP) – Two Year Extension 
of Eligibility for Purchasing a Preferred Risk Policy http://files.ots.treas.gov/253703.pdf 


4. Farm Credit Administration – Preferred Risk Policy Eligibility Extension 
http://www.fca.gov/apps/infomemo.nsf/59ab19ff3b724b73852569530076c529/4b0e71093d8a489a852577d10057ca8d?OpenDocument 


5. Office of the Comptroller of the Currency – Preferred Risk Policies Eligible for Use after 
Remapping http://www.occ.gov/news-issuances/bulletins/2010/bulletin-2010-40.html 
 

6. Federal Deposit Insurance Corporation – Federal Emergency Management Agency Preferred 
Risk Policy: Two-Year Eligibility Extension 
http://www.fdic.gov/news/news/financial/2010/fil10086.html 


Please contact either Carolyn.Goss@dhs.gov or Steven.Wainland@dhs.gov with your questions. 


cc: Vendors, IBHS, FIPNC, Government Technical Representatives 


Suggested Routing: All Departments