National Flood Insurance Program Expired

Congress recessed and the flood insurance program expired last night.  Lost in a debate over unemployment, COBRA payments and other issues, the National Flood Insurance Program was not extended and expired last night.

This could mean delayed closings if you are purchasing a property where the lender requires flood insurance, since the NFIP is the only one who offers it.

A vote in the Senate is scheduled for April 12.

About The Author

Jennifer Wollmann

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