H.R.1430 - Flood Insurance Choice Act

To require regulated lending institutions, Federal agency lenders, and Government-sponsored enterprises for housing to accept flood insurance coverage provided by a private entity that otherwise meets the requirements for the mandatory purchase of flood insurance to accept such flood insurance coverage as satisfaction of such requirements. view all titles (2)

All Bill Titles

  • Official: To require regulated lending institutions, Federal agency lenders, and Government-sponsored enterprises for housing to accept flood insurance coverage provided by a private entity that otherwise meets the requirements for the mandatory purchase of flood insurance to accept such flood insurance coverage as satisfaction of such requirements. as introduced.
  • Short: Flood Insurance Choice Act as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
04/07/11
 
 
 
 
 
 
 

Official Summary

Flood Insurance Choice Act - Amends the Flood Disaster Protection Act of 1973 to require regulated lending institutions, federal agency lenders, and the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) to accept, as satisfaction

Official Summary

Flood Insurance Choice Act - Amends the Flood Disaster Protection Act of 1973 to require regulated lending institutions, federal agency lenders, and the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) to accept, as satisfaction of certain mortgage requirements for flood insurance, flood insurance coverage provided by a private entity that otherwise meets the Act's coverage requirements.

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