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MO HB1071
Bill
Status
1/4/2012
Primary Sponsor
David Sater
Click for details
AI Summary
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Requires sellers of residential real property (1-4 units or manufactured housing lots) to provide buyers with a standardized disclosure form about radon hazards before final settlement.
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Mandates sellers disclose any known elevated radon concentrations above EPA recommended action levels and provide all available radon test records showing elevated levels.
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Exempts certain transfers including court-ordered transfers, foreclosures, transfers between family members, transfers by fiduciaries, and units on the third story or higher of multi-unit buildings.
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Requires agents to inform sellers of their disclosure obligations and establishes a certification process where sellers, purchasers, and agents acknowledge receipt and accuracy of radon hazard information.
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Applies only to sales transactions and requires disclosure to occur before the buyer's offer is accepted, allowing buyers opportunity to review information and amend their offer.
Legislative Description
Establishes the Missouri Radon Awareness Act which requires the seller of residential real property to provide the buyer with a disclosure of information on radon hazards
Last Action
Referred: Crime Prevention and Public Safety (H)
2/2/2012