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MBA Joint Letter to FEMA on changes to Standard Flood Insurance Policy form

Comment Letters FHA Multifamily Flood Insurance Government Lending Government Servicing GSE Multifamily Policy Issue Residential
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The American Bankers Association1 and Mortgage Bankers Association (the Associations) appreciate the opportunity to comment on the Federal Emergency Management Agency’s (FEMA’s) proposal3 to revise the Standard Flood Insurance Policy (SFIP) form, which has not been substantially updated since 2000. The SFIP defines the coverage, limitations, and exclusions for National Flood Insurance Program (NFIP) policies and includes terms and conditions that are unique to the NFIP.

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