Monday, June 4, 2012
NFIP two month extension-Impact on 2nd homes!
See: The Office of the Federal Register has assigned law numbers to the following bill(s) approved by the President: H.R. 5740 / Public Law 112-123 To extend the National Flood Insurance Program, and for other purposes. (May 31, 2012; 126 Stat. 365; 2 pages) This short extension also contains an increase in flood insurance rates to full actuarial rates for second homes over 4 years at 25% per year. I tried to get a total second home cutoff of federal flood insurance and will continue to try to do so. I also would prohibit federal disaster relief for second homes.