§ 391.33 - Exemptions.

Latest version.

The flood insurance requirement prescribed by § 391.32 does not apply with respect to:

(a) Any State-owned property covered under a policy of self-insurance satisfactory to the Director of FEMA, who publishes and periodically revises the list of States falling within this exemption; or

(b) Property securing any loan with an original principal balance of $5,000 or less and a repayment term of one year or less.
Effective Date Note:
At 79 FR 75746, Dec. 19, 2014, § 391.33 was removed and reserved, effective Jan. 20, 2015.

                    
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