Skip to content

Freeland State Bank

Freeland, MI
06/21/2017
Fine Amount: 
$3,600
Issued by: 

The FDIC issued an Order of Assessment of Civil Money Penalty to Freeland State Bank, directing the payment of a $3,600 CMP for engaging "in a pattern or practice of committing violations of the FDPA and/or the notice requirements under section 1364 of the National Flood Insurance Act of 1968" and/or Part 339 of the FDIC's Rules and Regulations. The bank was found to have failed to obtain adequate flood insurance at the time of the origination for two loans, and to have failed to follow force placement flood insurance procedures for one loan.

Penalties View All

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Penalties