The following message has gone out to all real estate sales people and their brokers. Makes you wonder how often this comes up for reconsideration.
Call for Action: Tell Congress to Protect Your Clients’ Ability to Purchase Flood Insurance
Last week, you should have received an email from the REALTOR® Action Center asking you to respond to a very important Call for Action urging Congress to reauthorize the National Flood Insurance Program (NFIP). If Congress does not extend the program, then all pending closings on properties located in flood hazard areas will not be able close since those home buyers would not be able to purchase flood insurance. In one month last year when the program was unavailable, nearly 50,000 closings were either cancelled or significantly delayed due to the lack of flood insurance. In order to help ensure that our voice is heard in Congress, we desperately need your help in sending an email to your member of Congress through this Call for Action, which literally takes less than ten seconds and two clicks of your mouse.
Check out the latest Congress vs. NFIP news:
http://thomas.loc.gov/home/thomas.php
H.R.435
Latest Title: National Flood Insurance Program Termination Act of 2010
H.R.700
Latest Title: To provide a moratorium on the issuance of flood insurance rate maps, to assist property owners in adapting to flood insurance rate map changes, and for other purposes.
H.R.764
Latest Title: Fair Treatment of Existing Levees Act of 2011
S.806
Latest Title: Rural Community Flood Protection Act of 2011
H.R.898
Latest Title: To suspend flood insurance rate map updates in geographic areas in which certain levees are being repaired.
H.R.902
Latest Title: To amend the National Flood Insurance Act of 1968 to require the Administrator of the Federal Emergency Management Agency to consider reconstruction and improvement of flood protection systems when establishing flood insurance rates.
H.R.1026
Latest Title: Flood Insurance Reform Priorities Act of 2011
H.R.1430
Latest Title: Flood Insurance Choice Act
H.R.1453
Latest Title: Flood Insurance Fairness Act of 2011
H.R.1618
Latest Title: Produce the Note Act of 2011
H.R.2078
Latest Title: Homeowners Flood Insurance Awareness Act