As has been the case over a dozen times in the last few years, the National Flood Insurance Program’s (NFIP’s) short-term extension is set to expire unless Congress either establishes a long-term fix or just kicks the can down the road again by implementing another short-term extension. Either way, financial institutions will once again want to be prepared in the event the NFIP does lapse. The current NFIP extension is set to expire at midnight on Thursday, November 21, 2019. For information on what to do in the event of a lapse, you can view our article on What to Do if the NFIP Expires.
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