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FL H0325
Bill
Status
Failed
5/5/2023
Primary Sponsor
Susan Valdes
Click for details
AI Summary
- Creates s. 689.302, Florida Statutes, requiring sellers of residential or commercial property to provide written flood-related disclosures to prospective purchasers before executing a sale contract
- Sellers must disclose whether the property has suffered water damage or moisture-related damage caused by a natural flood event within the last 10 years
- Sellers must disclose whether the property owner has maintained flood insurance
- Sellers must disclose whether any portion of the property is located in or near a designated flood hazard zone established by the Federal Emergency Management Agency (FEMA)
- Effective date of July 1, 2023
Legislative Description
Flood Disclosures for Residential and Commercial Property Sales
Last Action
Died in Regulatory Reform & Economic Development Subcommittee
5/5/2023
Committee Referrals
Regulatory Reform & Economic Development Subcommittee2/1/2023
Full Bill Text
No bill text available