New Jersey S3403 mandates sellers of real property to disclose the presence of dams on the property.
New Jersey S3403 requires sellers of real property to disclose any knowledge of dams located on the property. The bill mandates the Department of Consumer Affairs to add specific questions about dams to the property condition disclosure statement. These questions include whether a dam is present, its hazard classification, inspection results, and any obligations a purchaser would assume. The bill also requires the Department of Environmental Protection to maintain a website with information about dams, which will be linked on the Department of Community Affairs' website.
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