What do you do when the House Financial Services Committee is working on seven bills that reauthorize and tweak the National Flood Insurance Program (NFIP) — and you agree with six of the seven?
- The bill NAR opposes would eliminate grandfathering and tweak flood mapping in a way that NAR said would unfairly burden homeowners by making them responsible for providing elevation data.
- The association supports other tweaks to the program, such as establishing a $10,000 rate cap, removing barriers for the private market and developing plans for mitigating loss.
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