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42 U.S.C. § 4106 — Nonparticipation in flood insurance program

submitted 53 years ago by Pub. L. 93-234 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 190 words · no verdicts yet

in plain englishAI-generated · not legal advice

Federal financial assistance for acquiring or building in a special flood-hazard area is barred unless the community participates in the national flood insurance program. Lenders must also tell certain borrowers whether Federal disaster relief would be available after a flood.

(a) Beginning July 1, 1975, no Federal officer or agency may approve financial assistance for acquisition or construction in an area the Administrator has identified as having special flood hazards unless the community is participating in the national flood insurance program at that time. (b) In addition to section 4104a, each Federal lending-regulation entity must require regulated lending institutions, by regulation, and each Federal agency lender must require itself, by regulation, to notify a purchaser or lessee of covered property whether Federal disaster relief would be available for that property if a flood disaster occurs. The notice is a condition of making, increasing, extending, or renewing a loan secured by the property.

the actual law source: uscode.house.gov ↗public domain
(a) Prohibition against Federal approval of financial assistance

No Federal officer or agency shall approve any financial assistance for acquisition or construction purposes on and after July 1, 1975, for use in any area that has been identified by the Administrator as an area having special flood hazards unless the community in which such area is situated is then participating in the national flood insurance program.

(b) Notification of purchaser or lessee of property in flood hazard area of availability of Federal disaster relief assistance in event of a flood disaster

In addition to the requirements of section 4104a of this title, each Federal entity for lending regulation shall by regulation require the regulated lending institutions described in such section, and each Federal agency lender shall issue regulations requiring the Federal agency lender, described in such section to notify (as a condition of making, increasing, extending, or renewing any loan secured by property described in such section) the purchaser or lessee of such property of whether, in the event of a disaster caused by flood to such property, Federal disaster relief assistance will be available to such property.

Source credit: (Pub. L. 93–234, title II, § 202, Dec. 31, 1973, 87 Stat. 982; Pub. L. 94–50, title III, § 303, July 2, 1975, 89 Stat. 256; Pub. L. 94–198, Dec. 31, 1975, 89 Stat. 1116; Pub. L. 94–375, § 14(a), Aug. 3, 1976, 90 Stat. 1075; Pub. L. 95–128, title VII, § 703(a), Oct. 12, 1977, 91 Stat. 1144; Pub. L. 98–181, title I [title IV, § 451(e)(1)], Nov. 30, 1983, 97 Stat. 1229; Pub. L. 103–325, title V, § 511(b), Sept. 23, 1994, 108 Stat. 2256; Pub. L. 112–141, div. F, title II, § 100238(a)(1), July 6, 2012, 126 Stat. 958.)

history & why it existsrecord from the source credit
  • 1973Enacted · Pub. L. 93-234 · 87 Stat. 982
  • 1975Amended · Pub. L. 94-50 · 89 Stat. 256
  • 1975Amended · Pub. L. 94-198 · 89 Stat. 1116
  • 1976Amended · Pub. L. 94-375 · 90 Stat. 1075
  • 1977Amended · Pub. L. 95-128 · 91 Stat. 1144
  • 1983Amended · Pub. L. 98-181 · 97 Stat. 1229
  • 1994Amended · Pub. L. 103-325 · 108 Stat. 2256
  • 2012Amended · Pub. L. 112-141 · 126 Stat. 958

A history note hasn’t been published yet. The record shows enactment by Pub. L. 93-234 on 1973-12-31.

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