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MI SB0472

Bill

Status

Introduced

5/20/2021

Primary Sponsor

Rosemary Bayer

Click for details

Origin

Senate

101st Legislature

AI Summary

  • 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.

  • 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.

  • 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.

  • 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.

  • 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

Committee Referrals

Environmental Quality5/20/2021

Full Bill Text

No bill text available