National Flood Insurance Program Update
Issue Date: September 25, 2024
On September 25, 2024, Congress extended the National Flood Insurance Program's (NFIP) authority to provide flood insurance through December 20, 2024.
Most NFIP policies are not affected during brief authorization lapses. Nevertheless, NAR has prepared a FAQ sheet to help answer what an extended lapse could mean for closings and outline proactive steps your clients can take today.
Read the Frequently Asked Questions (FAQ) Sheet.
Read the letter to congressional leaders urging an NFIP extension.
Contacts
Austin Perez, aperez@nar.realtor, 202-383-1046