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MI SB0472
Bill
Status
5/20/2021
Primary Sponsor
Rosemary Bayer
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AI Summary
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Amends the Seller Disclosure Act to require sellers to disclose whether property is located in an inundation zone and to provide buyers with a map showing the property's location in the inundation zone if applicable.
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Updates the mandatory seller's disclosure form to include a new question about flooding and inundation zone status, with options for unknown, yes, or no responses.
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Requires sellers who answer yes to the inundation zone question to confirm whether they provided the buyer with a map of the property showing its location in the inundation zone.
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Makes minor technical corrections to the disclosure form language, including changing "shall" to "must," "utilize" to "used," and standardizing capitalization and punctuation throughout the form.
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Allows seller disclosure forms printed before January 1, 2006 that complied with prior law to continue being used until April 1, 2006.
Legislative Description
Property: land sales; reference to property being located in an inundation zone; require in seller disclosure. Amends sec. 7 of 1993 PA 92 (MCL 565.957).
Property: land sales
Last Action
Referred To Committee On Environmental Quality
5/20/2021