Maryland HB200 mandates flood risk disclosure for residential real property sales, requiring vendors to provide specific flood-related information to.
Maryland HB200 requires the Department of the Environment to create a flood risk disclosure statement form for residential real property sales. Vendors must provide this completed form to purchasers before entering into a contract. The form includes details such as whether the property is in a flood hazard area, flood insurance status, past flood damage claims, and FEMA elevation certificates. The law aims to ensure transparency in flood risk disclosures and the sale of residential real property.
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