Flood insurance authorization lapses in government shutdown

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Federal Government Shutdown & Community Associations. by C. Scott Canady | Jan 19, A lapse in statutory authorization of the National flood insurance program (NFIP) is linked to the current budget impasse. If there is a lapse in NFIP’s statutory authorization the following activities are.

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"Unlike past government shutdowns, with this present closure, flood insurance is not available," said Lawrence Yun, the NAR’s chief economist. "That means roughly 40,000 homes per month may go.

 · FEMA faced backlash from lawmakers, including incoming House Financial services committee chair Maxine Waters, D-Calif., and industry groups when it announced it would not issue or renew flood insurance policies during the government shutdown. Congress had voted earlier this month to extend the National Flood Insurance Program through May 31, 2019.

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The stalemate has left nine major government departments – including Homeland Security, Interior and State – without spending authorization. when it said it would stop selling flood insurance.

Lapse of FEMA Authority to Issue Flood Insurance Policies This guidance assists lenders in meeting their compliance obligations under the National Flood Insurance Program (NFIP) during periods when the statutory authority of the federal emergency management agency (FEMA) to issue flood insurance contracts under the NFIP lapses.

NFIP Authorization Extended Until May 31, 2019, But Flood Program Could Be Disrupted By Government Shutdown By Verne Pedro on December 27, 2018 Posted in Federal Legislation I recently wrote about the short-term extension that halted the potential expiration of the National Flood Insurance Program (NFIP) set for November 30, 2018.

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.

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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.

National Flood Insurance Program lapses on government shutdown The National Flood Insurance Program has officially lapsed after the failure to reach a deal in Congress to prevent the federal government from shutting down.

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It didn’t get nearly as much attention as other high-profile issues, but the deal to reopen the federal government after a three-day shutdown also meant turning the lights back on for the National.

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