Pennsylvania HB1704 amends definitions and seller disclosure requirements for residential real property, focusing on flood-related risks.
Pennsylvania HB1704 amends Title 68 of the Pennsylvania Consolidated Statutes to redefine "material defect" and expand seller disclosure requirements for residential real property. The bill specifies that a structural element nearing the end of its useful life is not automatically a material defect. It also mandates sellers to disclose flood-related risk factors, including the number of times and estimated dates of flood damage to the property.
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