The Homeowner Flood Insurance Affordability Act (HFIAA) is a law pertaining to homeowner flood insurance.
An official government organization in the United States has a.gov website.
LockA locked padlock means you have safely connected to the.gov website.Only official websites have access to sensitive information.
A number of laws have been passed to strengthen the National Flood Insurance Program (NFIP), ensure its fiscal soundness and inform its mapping and rate-setting through expert consultation, reports and studies.
Flood insurance is required on loans secured by properties located in high-risk flood areas.
The National Flood Insurance Reform Act of 1994 strengthened the NFIP with a number of reforms that included increasing the focus on lender compliance, creating mitigation insurance and developing a mitigation assistance program to further reduce the costly and devastating impacts of flood.