On July 6, 2012, President Obama signed into law the Surface Transportation Bill (H.R. 4348), which re-authorizes the National Flood Insurance Program (NFIP) through 2017. This reauthorization brings long-needed certainty to real estate transactions in the 21,000 communities nationwide where flood insurance is required for a mortgage.
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Working with homes in a flood zone? Visit FEMA’s Web site to find out more about the program, assistance and resources from the federal government and to check out current flood insurance rate maps (FIRMs).