Massachusetts S753 requires sellers and real estate agents to inform buyers about flood risks and insurance for properties in flood zones.
Massachusetts S753 mandates that sellers and real estate agents disclose flood history and insurance information to buyers of properties in flood zones. Owners must provide a standard notification form and materials prepared by the Massachusetts Emergency Management Agency. This includes details on flood occurrences, risk levels, and insurance requirements. Failure to comply can result in penalties of up to $1,000 per violation, with commercial violations considered unfair and deceptive practices.
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- Core Provisions
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- Legal Framework
- Critical Issues
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