WASHINGTON, D.C. – (RealEstateRama) — David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association (MBA), made the following statement applauding the House of Representatives for passing bipartisan, bicameral, clarifying language to increase acceptance of private flood insurance products as part of the Disaster Tax Relief and Airport and Airway Extension Act of 2017.
“MBA commends the House of Representatives for passing bipartisan legislation that includes language aimed at increasing flood insurance options for consumers. We now ask the Senate to follow suit and pass this bipartisan private flood insurance language in the Disaster Tax Relief and Airport and Airway Extension Act of 2017. MBA looks forward to continuing to work with all policymakers to protect consumers by providing them with the choice of government or private flood insurance coverage.”
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