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Flood Disaster Protection Act (FDPA)

Act

Flood Disaster Protection Act (FDPA)

The National Flood Insurance Act of 1968 (amended to the Flood Disaster Protection Act of 1973) and related legislation created the National Flood Insurance Program, which makes federally backed flood insurance available to owners of improved real estate. In 2012, Congress encouraged the development of a private market for flood insurance in the Biggert-Waters Act.

ABA continues its advocacy on private flood acceptance and NFIP reform and reauthorization.

Statutes

42 U.S.C. 4001-4033

Rules & Regulations

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Staff Analysis

FEMA Flood Insurance Policy Proposed Rule
March 4, 2024
How Banks Should Prepare for a Flood Insurance Lapse
September 28, 2023
FHA Final Rule on Private Flood Insurance
December 6, 2022
Final Interagency Questions & Answers Regarding Flood Insurance
June 13, 2022

FDPA Questions from the Hotline

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Agency Guidance

Interagency Questions and Answers Regarding Flood Insurance
May 11, 2022
The National Flood Insurance Program Community Status Book
January 5, 2022
FDIC Videos Cover Flood Insurance, Appraisals
December 17, 2021
FEMA Publishes Guidance on Potential Lapse in National Flood Insurance Program (NFIP) Authority
August 25, 2020
OCC Letter on Private Flood Deductibles and Treatment of Multi-tranche Commercial Credit Facilities
October 30, 2017
WYO Program Bulletin, Apr. 1, 2018 and Jan. 1, 2019 Program Changes
September 29, 2017
Agencies' Letter to ABA on Force-Placed Flood Insurance Premiums
May 22, 2017
Interagency Letter Disavowing Responsibility for Updating the Mandatory Purchase of Flood Insurance Guidelines
June 30, 2014
Interagency Statement on Increased Maximum Flood Insurance Coverage for Other Residential Buildings
May 30, 2014
Interagency Statement on the Impact of Biggert-Waters Act
March 29, 2013
OCC Issues Flood Insurance Guidance
June 9, 2010
FDIC FIL 23-2010 Circulates FEMA Guidance During NFIP Lapse
May 7, 2010
Fannie Mae Lender Letter on Selling Loans during Lapse of National Flood Insurance Program Authority
April 1, 2010
Flood Insurance Pending 2010 Reauthorization – Part II
March 29, 2010
Informal Guidance on the Lapse of FEMA's Authority to Issue Flood Insurance Contracts
March 29, 2010

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Exam Procedures

Policy Library
News

Policy Library

Staff Analysis
FEMA Flood Insurance Policy Proposed Rule
March 4, 2024
Staff Analysis
How Banks Should Prepare for a Flood Insurance Lapse
September 28, 2023
Testimony
ABA Statement for the Record Before the Subcommittee on Housing & Insurance on Flood Insurance
March 10, 2023
Comment Letter
Letter to HUD on the Acceptance of Private Flood Insurance Final Rule for FHA-Insured Mortgages
December 21, 2022

News

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Related Training & Events

Risk Rating 2.0
Recorded Webinar | July 6, 2021
Flood Disaster Protection Act
Self-Paced Training

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