42 U.S.C. § 4106 : US Code - Section 4106: Nonparticipation in flood insurance program

Search 42 U.S.C. § 4106 : US Code - Section 4106: Nonparticipation in flood insurance program

(a) Prohibition against Federal approval of financial assistance
No Federal officer or agency shall approve any financial
assistance for acquisition or construction purposes on and after
July 1, 1975, for use in any area that has been identified by the
Director as an area having special flood hazards unless the
community in which such area is situated is then participating in
the national flood insurance program.
(b) Notification of purchaser or lessee of property in flood hazard
area of availability of Federal disaster relief assistance in
event of a flood disaster
In addition to the requirements of section 4104a of this title,
each Federal entity for lending regulation shall by regulation
require the regulated lending institutions described in such
section, and each Federal agency lender shall issue regulations
requiring the Federal agency lender, described in such section to
notify (as a condition of making, increasing, extending, or
renewing any loan secured by property described in such section)
the purchaser or lessee of such property of whether, in the event
of a disaster caused by flood to such property, Federal disaster
relief assistance will be available to such property.