NFIP Set to expire September 30, 2025
The National Flood Insurance Program (NFIP) will expire on September 30, 2025, and must be reauthorized by Congress by no later than 11:59 p.m. on September 30, 2025, to avoid a lapse in FEMA’s authority under the NFIP.
If reauthorization is not passed in time, Proctor Loan Protector would like to draw attention to guidance previously issued by agencies that provides answers to frequently asked questions and entities’ responsibilities during a lapse in the NFIP. For complete details, please review the guidance below:
- FEMA: W-24020 Guidance on Potential Lapse in National Flood Insurance Program (NFIP) Authority (floodsmart.gov)
- Federal Agencies: Agencies Issue Statement on Financial Institutions Issuing Loans When National Flood Insurance Program is Unavailable
- Interagency Q&As Regarding Flood Insurance: Agencies Release Revised Interagency Questions and Answers Regarding Flood Insurance (occ.gov) – See Applicability 12
Proctor Loan Protector will continue to monitor the reauthorization by Congress and provide updates as they are received.