Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
House amendment would extend NFIP into 2015
WASHINGTON (7/15/10)--The U.S. House Committee on Rules this week completed its markup of legislation that would extend the National flood Insurance Plan (NFIP) until Sept. 15, 2015. H.R. 5114, the Flood Insurance Reform Priorities Act of 2010, was introduced by Rep. Maxine Waters (D-Calif.) earlier this year. The legislation, as amended, also revises the priorities of the insurance program. It would require lenders to disclose in their estimates whether or not the real estate is located in an area that is subject to flood hazards and whether flood insurance coverage for residential real estate is available under the NFIP. Lenders must also notify the respective home purchasers of the need to contact the NFIP, and provide contact information for the NFIP. The Federal Emergency Management Agency's authority to extend flood insurance contracts under NFIP must be periodically reauthorized by Congress. While that authority has lapsed three times this year, an extension until Sept. 30 was approved earlier this month.


RSS





print
News Now LiveWire
.@LACULeague in @DailyComet: #creditunions' "old" benefits attractive to new generation http://t.co/AzOv3nB7IB
7 hours ago
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
12 hours ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
13 hours ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
15 hours ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
15 hours ago