The National Flood Insurance Program expires at midnight on Friday, May 31, 2019

LOUISIANA REALTORS • May 30, 2019

WHAT: 

The National Flood Insurance Program (NFIP) will expire at midnight on Friday, May 31, 2019, resulting in a lapse in the program.    Congressional Leaders are working to expedite a vote to extend the program and the vote could occur as early as Monday, June 3. 


IF YOU HAVE A CLOSING COMING UP:

NFIP is authorized to renew/issue new flood insurance policies until 11:59 pm on Friday, May 31st, but will not be able to do so after that time unless Congress extends the program.   If your buyer needs to obtain flood insurance they should try to obtain it today (May 30th) or tomorrow (May 31st). 


IF YOUR BUYER IS NOT ABLE TO OBTAIN FLOOD INSURANCE BEFORE THE PROGRAM LAPSES:

During a lapse NFIP cannot sell or renew flood insurance policies.  However, if a seller has an existing policy it may be assigned to or assumed by property buyer during a lapse of the NFIP. 

The federal requirement to purchase flood insurance is also suspended during a lapse, which means it is entirely up to lenders to decide whether to continue making loans in special flood hazard areas while flood insurance is not available from the NFIP.  However, do not rely on this possibility.

Private flood insurance may not be an option as LR is not aware of any insurers admitted in Louisiana that provide standalone private flood insurance.  Private flood insurance is usually only written as surplus insurance and is often not available in flood prone areas.

Consumer Guide Update: Teen Financial Literacy

By Louisiana REALTORS® • October 9, 2026
Want Your Teen to Own a Home Someday? Start Talking Money Now Teens may not be thinking about mortgage rates or down payments just yet, but the money habits they’re building now can follow them for years. And 88% of teens surveyed by Fannie Mae and Junior Achievement said they want to own a home someday. This week’s Consumer Guide: Talk to Your Teens About Money and Homeownership makes those conversations a little easier, covering everything from credit scores and budgeting to debt, renting versus owning and saving for that eventual down payment. So yes, you may have to interrupt the doomscrolling. But helping teens get smarter about money today could put them in a much better position to get the keys to a home of their own down the road. Download all of NAR’s Consumer Guides in English or Spanish at facts.realtor. For ease of reference, below is a list of the most recent guides: NEW: Teen Financial Literacy Fraud Red Flags Helping Family Members Become Homeowners Prepare Your Home for Hurricane Season Condominium Insurance Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their home buying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy. The next Consumer Guide, scheduled for publication on Oct. 21, will cover winter cold and storm preparedness.

Constitutional Amendment Positions for November 3 Election

By Louisiana REALTORS® • October 9, 2026
Homeownership Is on Louisiana's November Ballot

Cookbook for the REALTORS® Relief Foundation On Sale Now!

By Louisiana REALTORS® • October 8, 2026
After months of gathering recipes from across our Louisiana REALTORS® family, the cookbook is ready! This 200+ page collection is filled with Louisiana flavor, REALTOR® heart and recipes contributed by our members. We launched sales of the cookbook at the Fall Governance Meetings. You can now purchase your copy for $30 directly from the printer and shipped to you! Additionally, we will have copies available at the RRF booth at NXT . After NXT, we will carry a limited stock at the LR office for you to purchase through the LR Merch Shop and pick-up from the office or at an LR event, as stock is available. Even better, $15 from every cookbook sold will be donated to the REALTORS® Relief Foundation (RRF) to help provide housing-related assistance to REALTORS® and their families following disasters. Pick up a copy for yourself, grab one as a gift and enjoy a taste of Louisiana while supporting a great cause!
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