New York Gov. Hochul signs bill giving flood risk ‘right to know’ to homebuyers
Housing Wire
SEPTEMBER 28, 2023
This legislation eliminates the ‘credit provision’ and requires the disclosure of information concerning flood risk, flood history, and flood insurance on real property transactions.” “Previously, sellers could opt that the buyer gets a $500 credit at closing and the disclosure requirement was waived,” Hochul’s office explained.
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