What does LOMA mean in US GOVERNMENT
Letter of Map Amendment (LOMA) is a document issued by the U.S. Federal Emergency Management Agency (FEMA) that changes the official FEMA map of an area and can be used for flood insurance purposes. It is designed to help officials make decisions regarding flooding in specific areas, as well as helping homeowners, property owners, and other entities decide whether or not they need to buy flood insurance.
LOMA meaning in US Government in Governmental
LOMA mostly used in an acronym US Government in Category Governmental that means Letter Of Map Amendment
Shorthand: LOMA,
Full Form: Letter Of Map Amendment
For more information of "Letter Of Map Amendment", see the section below.
What is LOMA?
A Letter of Map Amendment (LOMA) issued by the Federal Emergency Management Agency (FEMA) is a special type of document used to change the existing FEMA Flood Insurance Rate Map (FIRM). A LOMA modifies the community’s flood hazard information and establishes a new Base Flood Elevation (BFE) for your property. In general, if you obtain a LOMA you will be able to remove your building from Special Flood Hazard Area designation. This will allow you to avoid having to purchase flood insurance coverage for your building through the National Flood Insurance Program (NFIP).
Purpose & Use
LOMAs are requested by local governments, businesses and individuals in order to protect their properties from flooding hazards and reduce their risk from flooding disasters. For example, some communities may request a LOMA when constructing levees or dams that have been found to reduce potential flooding hazards from nearby rivers or streams. In addition, homeowners may request LOMAs when they believe the current FEMA maps do not accurately reflect conditions on their properties. By obtaining a LOMA, they can prove that their buildings are located outside of high-risk flood areas and should not face increased rates due to nearby floods.
Essential Questions and Answers on Letter Of Map Amendment in "GOVERNMENTAL»USGOV"
What is a LOMA?
A Letter of Map Amendment (LOMA) is an official amendment to the Federal Emergency Management Agency's (FEMA) National Flood Insurance Program (NFIP) map. It officially removes a structure or parcel of land from a designated high-risk area on the NFIP's Flood Insurance Rate Maps (FIRMs).
Why should I apply for a LOMA?
If you live in an area that has been designated as having special flood hazards, you may be required to purchase flood insurance. A LOMA can exempt your property from this requirement if it can be determined that the structure or land is not located in the designated high-risk area.
Who can apply for a LOMA?
Anyone who owns or occupies a structure or parcel located within an SFHA and is covered by the NFIP can apply for a LOMA with FEMA. Additionally, any state, local, or tribal government entity responsible for performing engineering studies and reports related to floods can also apply for a LOMA.
Do I need to hire a surveyor to obtain a LOMA?
Yes, in order to obtain an official determination from FEMA, you will need to have your property surveyed by obtaining professional elevation data from either an engineer registered in your jurisdiction or a Federal Land Surveyor who is licensed in the state where your property is located. The surveyor will then submit that data along with your written request to FEMA on your behalf.
How much does it cost to process a LOMA?
Generally speaking, there is no fee associated with filing for and receiving approval of a LOMA; however, costs associated with hiring professionals such as surveyors or engineers may be required as part of the application process.
How long does it take to processaLOMAApplication?
The amount of time needed to processaLOMAApplicationvaries depending on complexity and availabilityofpapersubmittedbytheapplicantand other factors; however, most applications are processed within 30 days.
What documents are required when applying for a LOMA?
When submitting an application for LomaprocessingwithFEMA,the following documents must be provided along with the request form : Owner authorization letter allowing FEMA access to private property records; Base Flood Elevation/Floodway information obtained through USGS topographical maps; Professional surveyor-certified site plan of the subject property; Corresponding deed/property record card indicating aforementioned site boundaries & legal description of lot/parcel ; Copy of Warranty Deed indicating chain of title ownershipforcurrentapplicant.
Is there any appeal procedure if I am denied my application for a LOMA?
Yes - if you do not agree with FEMA’s decision about your initial application, then you may file another application requesting reconsideration based on additional scientific evidence or facts about your property location. You can also opt into mediation procedures via FEMA’s Alternative Dispute Resolution program which allows both parties involved in the dispute resolution process access legal representation.
Final Words:
Overall, it's important for all people living in any area prone to flooding disasters to understand what a LOMA means for them personally and professionally, whether it's through getting one themselves or understanding what it means when someone else has obtained one for their own property or business. By understanding how these documents work and when they may be needed, citizens can better protect themselves from financial losses due to floods and other natural disasters.