Texas HB4617 requires sellers of unimproved real property to disclose if the property is in a floodplain.

Texas HB4617 amends the Property Code to mandate that sellers of unimproved real property must disclose whether the property is located in a floodplain. A floodplain is defined as an area designated by the Federal Emergency Management Agency (FEMA) as a special or moderate flood hazard area. The seller must provide a written notice to the purchaser before the effective date of the contract. If the seller fails to provide this notice, the purchaser can terminate the contract within seven days of the contract's effective date.

Texas HB4617 requires sellers of unimproved real property to disclose if the property is in a floodplain.

Texas HB4617 amends the Property Code to mandate that sellers of unimproved real property must disclose whether the property is located in a floodplain. A floodplain is defined as an area designated by the Federal Emergency Management Agency (FEMA) as a special or moderate flood hazard area. The seller must provide a written notice to the purchaser before the effective date of the contract. If the seller fails to provide this notice, the purchaser can terminate the contract within seven days of the contract's effective date.