Timely Payments for Flood Victims Act of 2016

Timely Payments for Flood Victims Act of 2016

This bill amends the National Flood Insurance Act of 1968 to direct the Federal Emergency Management Agency (FEMA) to require that a final determination and notification regarding approval of a claim for damage to or loss of property under the national flood insurance program be made by the expiration of the 30-day period after such claim was made. Such period may be extended by a single additional period of 15 days if extraordinary circumstances are demonstrated. Claims shall be paid as soon as possible after approval.