The
Financial
Institution Letter linked below assists lenders in meeting
their compliance obligations under the National Flood Insurance Program
(NFIP) during periods when the statutory authority of the Federal
Emergency Management Agency (FEMA) to issue flood insurance contracts
under the NFIP lapses. The required NFIP authorization by Congress
lapsed on March 1 and 2, 2010, but was temporarily reauthorized through
March 28, 2010. The NFIP again lapsed between March 28 and April 16,
2010, and was reauthorized through May 31, 2010. This guidance applies
to the March and April lapse periods and will continue to apply when
there are future lapses in the NFIP. Clink on this link to view a
complete copy of the
Financial
Institution
Letter-23-2010.