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FL H0759
Bill
Status
Failed
5/5/2023
Primary Sponsor
Jessica Baker
Click for details
AI Summary
- Creates s. 689.302, F.S., requiring sellers of real property to provide written disclosure of known flood-related information to prospective purchasers before executing a sales contract
- Requires disclosure of whether the property has suffered flood damage, the number of flooding incidents, and whether the property is located in a FEMA-designated special flood hazard area or moderate risk flood hazard zone
- Defines "flooding" as partial or complete inundation caused by overflow of inland or tidal waters, unusual and rapid accumulation of runoff or surface waters, or excessive rainfall
- Requires disclosure of whether the seller has received federal flood damage assistance (e.g., from FEMA or the SBA), filed any insurance claims related to flood damage (including through the National Flood Insurance Program), or maintained flood insurance
- Requires disclosure of whether a FEMA elevation certificate is available for the property; effective date of July 1, 2023
Legislative Description
Flood Disclosures for Real Property Sales
Last Action
Died in Regulatory Reform & Economic Development Subcommittee
5/5/2023
Committee Referrals
Regulatory Reform & Economic Development Subcommittee2/21/2023
Full Bill Text
No bill text available