Officials in Calif. Seek Flood Map Revision
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Officials are spending $40,000 to for a study to revise the Flood Insurance Rate Maps that would remove much of the land around Lake San Marcos from the flood plain. Federal law requires that lenders require homeowners living within a flood zone to buy insurance if they have a mortgage or refinance their home. Removing the homes from the flood zone would remove this requirement, saving property owners hundreds of dollars a year in flood insurance premiums.
Complete article from North County Times.
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