President Obama Signs Flood Insurance Bill Into Law

Posted on April 2, 2014 by Bethany Brannan

On March 21, 2014, President Obama signed the “Homeowner Flood Insurance Affordability Act” into law. This law repeals FEMA’s authority to increase premium rates at time of sale or new flood map, and refunds the excessive premium to those who bought a property before FEMA warned them of the rate increase. The bill limits premium […]

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