12 CFR §22.4 — Exemptions
12 CFR §22.4 — Exemptions.
Verbatim regulatory text
Verbatim provisions from 12 CFR §22.4 — Exemptions — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
12 CFR §22.4 — Exemptions
§ 22.4 Exemptions. The flood insurance requirement prescribed by § 22.3 does not apply with respect to: (a) Any State-owned property covered under a policy of self-insurance satisfactory to the Administrator of FEMA , who publishes and periodically revises the list of States falling within this exemption; (b) Property securing any loan with an original principal balance of $5,000 or less and a repayment term of one year or less; or (c) Any structure that is a part of any residential property but is detached from the primary residential structure of such property and does not serve as a residence. For purposes of this paragraph (c): (1) “A structure that is a part of a residential property” is a structure used primarily for personal, family, or household purposes, and not used primarily for agricultural, commercial, industrial, or other business purposes; (2) A structure is “detached” from the primary residential structure if it is not joined by any structural connection to that structure; and (3) “Serve as a residence” shall be based upon the good faith determination of the national bank or Federal savings association that the structure is intended for use or actually used as a residence, which generally includes sleeping, bathroom, or kitchen facilities.
Operationalizing 12 CFR §22.4 — Exemptions
This is verbatim, source-snapshotted regulator text from the Claude for Compliance open corpus. To turn a rule like this into compliance work product: gap-analyze your policies and procedures (P&Ps) against these requirements to surface stale, conflicting, or missing provisions; operationalize any change with a ready-to-run update kit; and produce audit-ready evidence — every step grounded only in the regulator’s own words, never invented.
To work from the whole rulebook rather than this one page: download the corpus — every register on this site, verbatim, each with its source snapshot and effective date — then follow the methodology. It asks your assistant to answer only from the downloaded text, cite the register id and effective date it used, and tell you when the corpus does not cover something instead of filling the gap from memory. Running it locally also means no one sees which regulations you are looking at.
Source of record: https://claudeforcompliance.com/regs/flood-12cfr-22-4/
· register flood-12cfr-22-4 · Claude for Compliance. Free to read and download;
see regulatory updates and methodology.