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CT SB00678
Bill
Status
1/23/2015
Primary Sponsor
Planning and Development Committee
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AI Summary
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Municipal engineers may revise flood zone maps to align with Federal Emergency Management Agency (FEMA) changes to flood zone designations following federal map correction or amendment procedures under 44 CFR Parts 70 and 72.
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Mortgage lenders are prohibited from requiring flood insurance for properties not designated as special flood hazard areas on FEMA's flood insurance rate map.
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Mortgage lenders are also prohibited from requiring flood insurance for properties where FEMA has issued a map correction or amendment removing the special flood hazard area designation.
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Both provisions become effective October 1, 2015.
Legislative Description
An Act Concerning Municipal Flood Zone Maps And The Prohibition Of Flood Insurance As Prerequisite For Mortgage Loan For Certain Properties.
Last Action
Referred by Senate to Committee on Banking
4/22/2015