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Panel clears changes to flood-disclosure law and adds penalty/anti-lien language; amendment narrows attorney-fees language
Summary
The Senate Judiciary Committee unanimously approved a committee substitute for House Bill 618 that tightens flood-disclosure language for 1-to-4 family residential transactions, narrows disclosure to events within a seller's ownership, and adds an anti-fraud lien provision; an amendment inserted "reasonable" before attorney-fees awards.
The Senate Judiciary Committee unanimously advanced a committee substitute for House Bill 618 after author and stakeholders described narrow edits designed to improve transparency around flood risk and to deter predatory lien filings at or before real-estate closings.
Representative Campbell, the bill’s House author, presented the substitute and introduced coalition witnesses who worked with the author on edits. Anne Brody of the American Flood Coalition Action said the changes narrow the scope of disclosure and clarify that sellers must disclose flood damage only that occurred during their ownership. "Flood disclosure is a no cost policy that gives buyers…
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