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Recently, Proctor brought to your attention that the National Flood Insurance Program (NFIP) will expire on March 8, 2024.

On March 1, 2024, the Extension of Continuing Appropriations and Other Matters Act, 2024 extended the National Flood Insurance Program (NFIP) through March 22, 2024.

If the reauthorization is not issued by 11:59 p.m. on March 22nd, Proctor Loan Protector would like to draw attention to guidance previously issued by agencies that address lapses in FEMA’s authority under the NFIP. This guidance provides answers to frequently asked questions and entities’ responsibilities. For complete details, please review the guidance below:

Proctor Loan Protector will continue to monitor this topic and provide updates as they develop.