FHA Loan Articles

Flood insurance authorization lapses in government shutdown

Here is how a government shutdown could affect flood policyholders: Congress must periodically renew the NFIP’s statutory authority to operate. On January 22, 2018, the President signed legislation passed by both houses of Congress that extends the National flood insurance program‘s (NFIP’s) authorization to 11:59 pm on February 8, 2018.

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FEMA’S overall response appears similar to those it has taken with the flood insurance program during previous government shutdowns or lapses of NFIP authorization. According to sources, FEMA is.

Flood insurance after the government shutdown. January 20, 2018 James Lynch Leave a comment.. In the unlikely event the NFIP’s authorization lapses, FEMA would still have authority to ensure the payment of valid claims with available funds.

Although most government offices are closed anyway for Christmas, some local programs may feel the impact of the federal government shutdown.A partial government shutdown began Friday when.

Some 40,000 homes could be left "unsold" for each month the government shutdown lasts. FEMA said it will no longer sell new flood insurance policies through private insurers "due to the lapse in.

The last government shutdown, which lasted 16 days in 2013, did not affect the flood insurance program because it was not up for renewal that year. Mary Whitfill may be reached at mwhitfill@ledger.

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Bill Pascrell Jr., D-9th District, sent a letter to Federal Emergency Management Agency administrator Brock Long urging the agency to resume the activities of the National Flood Insurance Program.

The Federal Emergency Management Agency said Thursday it will not extend the National Flood Insurance Program (NFIP) during the partial government shutdown, meaning policies will not be sold and.

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The National Flood Insurance Program received a reprieve when it was retroactively reauthorized last week as part of a resolution to reopen the federal government, but even the brief lapse.

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National Flood Insurance Program Lapse Imminent – theMReport.com – The National Association of Home Builders (NAHB) announced that the National Flood Insurance Program (NFIP) is facing a short-term lapse and are encouraging any home buyers that require federal.

Congress voted Thursday to fund the government through December 21, 2018, and in doing so extended the National Flood Insurance Program for two weeks. A government shutdown will most likely be.

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