Establishes the natural hazard mitigation financing program, disaster recovery housing assistance program, and disaster recovery new housing program.
The bill creates the natural hazard mitigation financing program to provide loans for projects mitigating natural hazards. It defines the disaster recovery housing assistance program for homeowners and renters with damaged homes, and the disaster recovery new housing program for homeowners with homes damaged beyond repair. It regulates post-loss assignments, requiring contractors to cooperate with insurers and prohibiting certain assignments. The bill also regulates appraisers and umpires, requiring them to act with due diligence and prohibiting conflicts of interest.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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