Police tell TMZ Godfrey was struck around 2:30 p.m. and got pinned underneath the car. When emergency responders arrived, a citizen had already moved her from the wreckage, and she was rushed to the hospital by ambulance.
The car that hit Godfrey veered onto the sidewalk after getting into an accident with another vehicle. Neither driver was arrested.
According to TMZ, Godfrey suffered two broken legs, and is currently in surgery.
UPDATE (11:20 p.m. ET):
Multiple sources say initial reports that Godfrey broke both legs are false, and that she only injured her ankles. Stay tuned for updates as they come in.
UPDATE (February 3, 8:23 a.m. ET):
Godfrey's injuries were limited to her ankles and she is expected to make a full recovery.
The Bold and the Beautiful was dark on Monday. Producers have rearranged taping for the next few days.