Federal Emergency Management Agency Preferred Risk Policy: Two-Year Eligibility Extension

Details

• Publisher's site:
  https://www.fdic.gov/
• Corporate Authors:
  Federal Deposit Insurance Corporation (FDIC)
• Description:
  The Federal Emergency Management Agency (FEMA) announced on July 15, 2010, that Preferred Risk Policy (PRP) eligibility will be extended two years beginning January 1, 2011. Under provisions of the extension, effective January 1, 2011, a building is generally eligible for a PRP for two years after the building's flood zone is newly mapped into a Special Flood Hazard Area (SFHA) through a map revision. Certain conditions apply for the extended eligibility.The PRP two-year eligibility extension does not apply to properties in SFHAs before the map change. Residential condominium associations eligible for coverage under the Residential Condominium Building Association Policy are not eligible for the PRP or the two-year PRP coverage extension.Should we put the summary in here?
• Subject:
  Consumer Protection
• Dataset Download URL:
  https://www.fdic.gov/news/financial-institution-letters/2010/fil10086.html
• Format:
  PDF
• Release Date:
  12/16/2010
• Update Date:
  11/26/2018
• Withdrawn Date:
  12/01/2018
• Agencies Involved:
  Federal Deposit Insurance Corporation (FDIC) ; Federal Emergency Management Agency (FEMA)
• Fdic Employee Involved:
  John Jackwood
• Source:
  FDIC Website
• Memorandum To:
  FDIC-Supervised Banks (Commercial and Savings)
• FIL Number:
  FIL-86-2010
• Main Document Checksum:
  urn:sha256:f2e1427114b8c32d865a56a75fd89695cc9773d4ad3e9fe437fee111dd69d17c
• Download URL:
  https://archive.fdic.gov/view/fdic/7141/fdic_7141_DS1.pdf
• File Type:
  [PDF - 816.11 KB ]