H.R. 1430 · 112th Congress
Flood Insurance Choice Act
- Stage
- In committee
- Sponsor
- Devin Nunes
- Introduced
- 2011-04-07
- Latest action
- 2011-05-02 · Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
Summary
Flood Insurance Choice Act - Amends the Flood Disaster Protection Act of 1973 to require regulated lending institutions, federal agency lenders, and the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) to accept, as satisfaction of certain mortgage requirements for flood insurance, flood insurance coverage provided by a private entity that otherwise meets the Act's coverage requirements.