New Jersey A4007 mandates sellers to disclose the presence of dams on real property during sales.

New Jersey A4007 requires sellers of real property to disclose any knowledge of a dam on the property in writing. The bill mandates the Department of Community Affairs to include specific questions about dams in the property condition disclosure statement. It also requires the Department of Consumer Affairs to inform purchasers about obtaining dam-related information from the Department of Environmental Protection's website. The act applies to property sales occurring 90 days after regulations are promulgated.

New Jersey A4007 mandates sellers to disclose the presence of dams on real property during sales.

New Jersey A4007 requires sellers of real property to disclose any knowledge of a dam on the property in writing. The bill mandates the Department of Community Affairs to include specific questions about dams in the property condition disclosure statement. It also requires the Department of Consumer Affairs to inform purchasers about obtaining dam-related information from the Department of Environmental Protection's website. The act applies to property sales occurring 90 days after regulations are promulgated.