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ARTICLE · 23 SEPTEMBER 2025

NFIP Authorization Expires Sept. 30

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If Congress does not reauthorize the National Flood Insurance Program (NFIP) by September 30, major parts of the program will expire—a lapse that could cause major problems in the mortgage industry.

United StatesFinance and Banking
Richard J. Andreano, Jr.
Richard J. Andreano, Jr.
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If Congress does not reauthorize the National Flood Insurance Program (NFIP) by September 30, major parts of the program will expire—a lapse that could cause major problems in the mortgage industry.

In past NFIP lapses, borrowers were not able to purchase flood insurance to close, renew or increase loans secured by property that required flood insurance. The Congressional Research Service (CRS) estimated that during a lapse in June 2010, each day more than 1,400 home sale closings were canceled or delayed. That represents more than 40,000 sales each month

The House has passed. H.R. 5371, legislation that would fund much of the government—and reauthorize the NFIP– until Nov. 21. However, the Senate has rejected that legislation.

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