Ohio Bankers League: Agencies Issue Guidance for NFIP Lapse
October 02, 2025
October 02, 2025
COLUMBUS, Ohio, Oct. 2 -- The Ohio Bankers League issued the following news:
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Agencies Issue Guidance for NFIP Lapse
Federal financial institution regulatory agencies today remind lenders that they may continue to make loans that are subject to the federal flood insurance statutes when the National Flood Insurance Program is not available. During this period, lenders are allowed to make these loans without requiring federal flood insurance.
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Agencies Issue Guidance for NFIP Lapse
Federal financial institution regulatory agencies today remind lenders that they may continue to make loans that are subject to the federal flood insurance statutes when the National Flood Insurance Program is not available. During this period, lenders are allowed to make these loans without requiring federal flood insurance.