MBA Issues Statement on Bipartisan Flood Insurance Title

WASHINGTON, Sept. 28 -- The Mortgage Bankers Association issued the following statement by President and CEO David H. Stevens applauding the House for passing 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."