The purpose of this letter is to remind credit unions of their continuing responsibilities during a lapse in the National Flood Insurance Program (NFIP) authority. The attached guidance provides information for credit unions about issues that may arise during lapse periods when the NFIP is not available.
NCUA: Letter to Credit Unions No. 10-CU-08 – Guidance for National Flood Insurance Program Authority Lapses (June 2010)
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