Sec. 404. Sharing of and access to information
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Section 1313 of the National Flood Insurance Act of 1968 ( 42 U.S.C. 4020 ) is amended— by inserting after the section enumerator the following:
(a); and Availability to public and State agencies .— by adding at the end the following new subsections: The Administrator may provide to each private insurer that sells coverage that meets, at a minimum, the definition of private flood insurance under section 102(b) of the Flood Disaster Protection Act of 1973 ( 42 U.S.C. 4012a(b) ), current and historical property-specific information that is available to the Administration on flood insurance program coverage, flood damage assessments, and payment of claims, but only if the following conditions are met: Each private insurer receiving such data shall provide to the Administrator current and historical property-specific information, generated through the sale of the flood insurance that meets such definition of private flood insurance, by the private insurer on flood insurance coverage, flood damage assessments, and payment of claims. Such information obtained under paragraph shall be made available as required by subsections
(c)and (d). Upon request by the current owner of a property, the Administrator shall provide to the owner any current and historical information available to the Administrator, including information obtained under subsection (b)(1), on insurance coverage, damage assessments, and payment of claims concerning such property of the owner. In addition, the Administrator shall provide information the Administrator may have on whether the property owner may be required to purchase flood insurance coverage due to previous receipt of federal disaster assistance, including assistance provided by the Small Business Administration, the Department of Housing and Urban Development, the Federal Emergency Management Agency, or any other type of assistance subject to the mandatory purchase requirement under section 102 of the Flood Disaster Protection Act of 1973. Notwithstanding section 552a(b) of title 5, United States Code, not later than 14 days after a request for such information by a buyer under contract for purchase of a property, the Administrator shall provide to the buyer the following information: The number and dollar value of claims filed for the property, over the life of the property, under a flood insurance policy made available under this title. Such other available information about the property as determined by the Administrator to accurately and adequately characterize the true flood risk to the property. A notice to the recipient of the information that the information provided may only be utilized by the recipient alone and only for the purposes of homebuying. . Subsection
(d)of section 1313 of the National Flood Insurance Act of 1968, as added by the amendment made by subsection (a)(2) of this section, shall take effect beginning upon the expiration of the 12-month period that begins on the date of the enactment of this Act.
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