Nachrichten January 26, 2023

LSTA Market Standards for Flood Insurance Processes in Syndicated Lending (Jan 2023)

Partner Malcolm Montgomery, counsel Lance Levine, associate Anthony Roselle and consultant Nancy Scappaticci (all New York-Real Estate) advised the Loan Syndications & Trading Association on the publication of updated Market Standards for Flood Insurance Processes in Syndicated Lending. These Standards offer guidance to loan market participants engaged in syndicated lending activities on the compliance obligations imposed by federal flood insurance laws and regulations. The Standards account for the revised Interagency Questions and Answers (Q&A) Regarding Flood Insurance jointly issued by five federal regulatory agencies in 2022.

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