Summary

Michael Grimm Homeowner Flood Insurance Affordability Act of 2013… (2013)

Delayed implementation of flood insurance rate increases; draft affordability framework (a) Delayed implementation of flood insurance rate increases– (1) Grandfathered properties– Beginning on the date of enactment of this Act, the Administrator may not increase risk premium rates for flood insurance for any property located in an area subject to the premium adjustment required under section 1308 (h) of the National Flood Insurance Act of 1968 (42 U.S.C. 4015 (h) ) .
Source: Wikisource

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