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Code · BILL · 115th Congress · H.R. 7024 (Introduced in House) — To establish a Federal standard in order to improve the Nation’s resilience to current and future flood risk. · Sec. 6

Sec. 6. Financial transactions in areas subject to flooding

84 words·~1 min read·/bill/115/hr/7024/ih/section-6

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In addition to any responsibilities under this Act and sections 102, 202, and 205 of the Flood Disaster Protection Act of 1973 ( 42 U.S.C. 4012a , 4106, and 4128), the head of any agency that guarantees, approves, regulates, or insures any financial transaction relating to an area that is subject to a base flood shall, before completing any action relating to that transaction, inform any private parties that are participating in the transaction about the hazards of locating a structure in that area.
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Sec. 6
Financial transactions in areas subject to flooding
U.S.C.§ 4012a
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