General Assembly Committee Bill No. 678
January Session, 2015 LCO No. 5786
*05786SB00678PD_*
Referred to Committee on PLANNING AND DEVELOPMENT
Introduced by:
(PD)
General Assembly
Committee Bill No. 678
January Session, 2015
LCO No. 5786
*05786SB00678PD_*
Referred to Committee on PLANNING AND DEVELOPMENT
Introduced by:
(PD)
AN ACT CONCERNING MUNICIPAL FLOOD ZONE MAPS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. (NEW) (Effective October 1, 2015) An engineer employed or retained by a municipality may revise a municipal flood zone map such that it is consistent with a change in the flood zone designation on a flood insurance rate map granted by the Federal Emergency Management Agency pursuant to the procedure for map correction or amendment set forth in 44 CFR Part 70 et seq., as amended from time to time, or 44 CFR Part 72 et seq., as amended from time to time.
Sec. 2. (NEW) (Effective October 1, 2015) No mortgage lender shall, in connection with any application for a mortgage loan in this state that is secured by mortgage on real estate located in this state, require any prospective mortgagor to obtain a flood insurance policy for real property if (1) such property is not designated as within a special flood hazard area on the flood insurance rate map issued by the Federal Emergency Management Agency, or (2) the Federal Emergency Management Agency has issued a map correction or amendment pursuant to the procedure for map correction or amendment set forth in 44 CFR Part 70 et seq., as amended from time to time, or 44 CFR Part 72 et seq., as amended from time to time, as applicable, that indicates that such property is not designated as within a special flood hazard area.
This act shall take effect as follows and shall amend the following sections:
Section 1 October 1, 2015 New section
Sec. 2 October 1, 2015 New section
This act shall take effect as follows and shall amend the following sections:
Section 1
October 1, 2015
New section
Sec. 2
October 1, 2015
New section
Statement of Purpose:
To allow municipalities to revise flood zone maps in accordance with FEMA corrections and to prohibit mortgage lenders from requiring flood insurance on a property for which FEMA has issued corrections or amendments to flood insurance maps that indicate that such property is not within a designated special flood hazard area.
[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]
Co-Sponsors: SEN. FASANO, 34th Dist.
Co-Sponsors:
SEN. FASANO, 34th Dist.
S.B. 678