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• Under the provisions of the Flood Disaster Protection Act of 1973, individuals, businesses, and others buying, building, or improving property located in identified areas of special flood hazards within participating communities are required to purchase flood insurance as a prerequisite for receiving any type of direct or indirect federal financial assistance (e.g., any loan, grant, guaranty, insurance, payment, subsidy, or disaster assistance) when the building or personal property is the subject of or security for such assistance.

  Federal Emergency Management Agency (FEMA) - Cite This Source - This Definition
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  Cite Definition for Mandatory Purchase

  American Psychological Association (APA)

  Mandatory Purchase. (n.d.). National Flood Insurance Glossary. Retrieved April 1, 2023, from website: http://www.expertglossary.com/definition/mandatory-purchase.

  Chicago Manual of Style (CMS)

  Mandatory Purchase. National Flood Insurance Glossary. Federal Emergency Management Agency (FEMA). http://www.expertglossary.com/definition/mandatory-purchase (accessed: April 1, 2023).

  Modern Language Association (MLA)

  "Mandatory Purchase." National Flood Insurance Glossary. Federal Emergency Management Agency (FEMA). 1 April. 2023 http://www.expertglossary.com/definition/mandatory-purchase.

• Browse Related Terms: Flood Disaster Protection Act (FDPA) of 1973, Flood Hazard Boundary Map (FHBM), Flood Insurance Rate Map (FIRM), Flood Zone (Zone), Mandatory Purchase, Special Flood Hazard Area (SFHA), zone

All > Business > Finance > Insurance > Flood Insurance

• A structure built on a permanent chassis, transported to its site in one or more sections, and affixed to a permanent foundation. "Manufactured (mobile) home" does not include recreational vehicles.

  Federal Emergency Management Agency (FEMA) - Cite This Source - This Definition
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  Cite Definition for Manufactured (mobile) home

  American Psychological Association (APA)

  Manufactured (mobile) home. (n.d.). National Flood Insurance Glossary. Retrieved April 1, 2023, from website: http://www.expertglossary.com/definition/manufactured-mobile-home.

  Chicago Manual of Style (CMS)

  Manufactured (mobile) home. National Flood Insurance Glossary. Federal Emergency Management Agency (FEMA). http://www.expertglossary.com/definition/manufactured-mobile-home (accessed: April 1, 2023).

  Modern Language Association (MLA)

  "Manufactured (mobile) home." National Flood Insurance Glossary. Federal Emergency Management Agency (FEMA). 1 April. 2023 http://www.expertglossary.com/definition/manufactured-mobile-home.

• Browse Related Terms: 2 to 4 Family Residence, Condominium, Manufactured (mobile) home, Mobile home, Non-Residential, Other Residential, Residential Condominium Building Association Policy (RCBAP), Single-Family Residence

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All > Business > Finance > Insurance > Flood Insurance

• A division under FEMA that manages the NFIP and oversees FEMA’s mitigation programs.

  Federal Emergency Management Agency (FEMA) - Cite This Source - This Definition
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  Cite Definition for Mitigation Division

  American Psychological Association (APA)

  Mitigation Division. (n.d.). National Flood Insurance Glossary. Retrieved April 1, 2023, from website: http://www.expertglossary.com/definition/mitigation-division.

  Chicago Manual of Style (CMS)

  Mitigation Division. National Flood Insurance Glossary. Federal Emergency Management Agency (FEMA). http://www.expertglossary.com/definition/mitigation-division (accessed: April 1, 2023).

  Modern Language Association (MLA)

  "Mitigation Division." National Flood Insurance Glossary. Federal Emergency Management Agency (FEMA). 1 April. 2023 http://www.expertglossary.com/definition/mitigation-division.

• Browse Related Terms: act, Community, Community Rating System (CRS), Emergency Program, Federal Emergency Management Agency (FEMA), Floodplain Management, Mitigation Division, National Flood Insurance Program (NFIP), National Flood Insurance Reform Act (NFIRA), Participating Community, Regular Program

All > Business > Finance > Insurance > Flood Insurance

• see entry for Manufactured Home
  Federal Emergency Management Agency (FEMA) - Cite This Source - This Definition
  ×

  Cite Definition for Mobile home

  American Psychological Association (APA)

  Mobile home. (n.d.). National Flood Insurance Glossary. Retrieved April 1, 2023, from website: http://www.expertglossary.com/definition/mobile-home.

  Chicago Manual of Style (CMS)

  Mobile home. National Flood Insurance Glossary. Federal Emergency Management Agency (FEMA). http://www.expertglossary.com/definition/mobile-home (accessed: April 1, 2023).

  Modern Language Association (MLA)

  "Mobile home." National Flood Insurance Glossary. Federal Emergency Management Agency (FEMA). 1 April. 2023 http://www.expertglossary.com/definition/mobile-home.

• Browse Related Terms: 2 to 4 Family Residence, Condominium, Manufactured (mobile) home, Mobile home, Non-Residential, Other Residential, Residential Condominium Building Association Policy (RCBAP), Single-Family Residence

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• All > Business > Banking
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