Provisions included in the deal:
- three-year ban against the bank requiring homeowners to carry flood insurance in excess of the federal minimum standard,
- six-year ban on the bank receiving commissions from "forced-placed insurance",
- six-year requirement that the bank to attempt to renew a borrower’s chosen flood insurance policy if it lapses, and
- restricts the banks ability to go after any deficiency balances or judgments on the borrower’s premiums from the beginning of 2007 through July 2012.