Environmental

What is the 'National Flood Insurance Program' (NFIP) and how does it affect Kansas real estate?

AA Kansas state program for flood victims
BA federal program providing flood insurance in participating communities; required for mortgaged properties in special flood hazard areas✓ Correct
CA program that pays for flood mitigation improvements
DA FEMA program that buys flood-prone properties

Explanation

The NFIP provides federally-backed flood insurance in communities that adopt floodplain management regulations. Federally-backed mortgage lenders must require flood insurance on properties in special flood hazard areas (SFHAs) in Kansas.

Related Kansas Environmental Questions

Practice More Kansas Real Estate Questions

1,500+ questions covering all exam topics. Start free — no signup required.

Take the Free Kansas Quiz →