First & Peoples pays $1,500 for flood insurance violations
Issued by FDIC
An action to enforce any liability created under this title may be brought in any appropri- ate United States district court, without regard to the amount in controversy, or in any other court of competent jurisdiction, not later than the earlier of (1) 2 years after the date of discovery by the plaintiff of the violation that is the basis for such liability; or (2) 5 years after the date on which the violation that is the basis for such liability occurs.