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FL H1049
Bill
Status
Passed
5/30/2024
Primary Sponsor
Judiciary Committee
Click for details
AI Summary
- Creates Section 689.302, Florida Statutes, requiring sellers of residential real property to provide a flood disclosure to prospective purchasers at or before the time the sales contract is executed
- Requires sellers to disclose whether they have filed any insurance claims related to flood damage on the property, including claims with the National Flood Insurance Program
- Requires sellers to disclose whether they have received federal assistance for flood damage to the property, including assistance from the Federal Emergency Management Agency (FEMA)
- Defines "flooding" as partial or complete inundation of the property caused by overflow of inland or tidal waters, unusual and rapid accumulation of runoff or surface waters, or sustained periods of standing water from rainfall
- Takes effect October 1, 2024
Legislative Description
Flood Disclosure in the Sale of Real Property
Last Action
Chapter No. 2024-215
5/30/2024
Committee Referrals
Judiciary2/7/2024
Regulatory Reform & Economic Development Subcommittee1/9/2024
Full Bill Text
No bill text available