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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.