NFIP Extended Through September 2011

Posted by Orb Staff on October 04, 2010 No Comments
Categories : Mortgage Servicing

President Obama has signed the National Flood Insurance Program (NFIP) Re-extension Act of 2010, which Congress passed on Sept. 24. This act extends the NFIP until Sept. 30, 2011.

The NFIP, which provides flood insurance coverage for more than 5 million borrowers, has had its share of hiccups in the last year, lapsing for part of June. Without its extension last week, the NFIP was set to expire at the end of September.

SOURCE: Federal Emergency Management Agency

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