---
kind: "section"
citation: "38 C.F.R. § 36.4703"
title: "38"
number: "36.4703"
heading: "Exemptions."
url: "https://uscodex.org/cfr/38/36.4703"
---

# §36.4703. Exemptions.


The flood insurance requirement prescribed by [38 CFR 36.4702](/cfr/38/36.4702.md) does not apply with respect to:

- (a) Any State-owned property covered under a policy of self-insurance satisfactory to the Director of FEMA, who publishes and periodically revises the list of States falling within this exemption; or
- (b) Property securing any loan with an original principal balance of $5,000 or less and a repayment term of one year or less.

## Notes

### Amendments

[62 FR 5533, Feb. 6, 1997]

### Authority

Authority: 38 U.S.C. 501 and 3720.

### Amendments

[62 FR 5533, Feb. 6, 1997]