Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 44 - Emergency Management and Assistance |
Chapter I - Federal Emergency Management Agency, Department of Homeland Security |
SubChapter B - Insurance and Hazard Mitigation |
Part 63 - Implementation of Section 1306(C) of the National Flood Insurance Act of 1968 |
Subpart A - General |
§ 63.9 - Sale while claim pending.
Latest version.
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§ 63.9 Sale while claim pending.
If a claimant sells a structure prior to its demolition or relocation, no benefits are payable to that claimant under section 1306(c) of the Act, and any payments which may have been made under those provisions shall be reimbursed to the insurer making them.