Tuesday, July 6th, 2010On July 2, President Obama signed into law H.R. 5569, an extension of National Flood Insurance Program (NFIP) authority until September 30. The bill is retroactive and will cover the lapse period from June 1 to the date of enactment. NAR will continue to work with Congress on the 5-year NFIP Reform bill and [...]
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After a close brush with the deadline, Congress has passed an extension of the Homebuyer Tax Credit closing deadline, the Homebuyer Assistance and Improvement Act (H.R. 5623). The extension applies only to transactions that have ratified contracts in place as of April 30, 2010 that have not yet closed. The legislation is designed to [...] Congress last week passed, and President Obama signed, legislation to renew the National Flood Insurance Program (NFIP) through May 31, 2010. NAR is working with members in Congress to help ensure a lasting re authorization and extension is reached prior to the May 31 deadline. Congress allowed the NFIP to expire on March 28, [...] A temporary extension of the National Flood Insurance Program (NFIP) was signed into law by President Obama on March 2. This will extend the NFIP through March 28 (it was originally scheduled to expire on February 28). The temporary extension will allow Congress to work on a longer extension, currently pending in the Senate, [...] |
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