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Committee approves report on bill requiring sellers to provide official FEMA flood map to buyers
Summary
The Economic Development, Housing & General Affairs Committee approved a 2.1 committee report on bill H106 that would require sellers to give buyers a physical or electronic copy—or a digital link—to the official flood insurance rate map; the draft includes a reliance defense and a Sept. 1 effective date change.
The Economic Development, Housing & General Affairs Committee approved a 2.1 committee report on bill H106 that, as drafted, would require a seller to provide a buyer a physical or electronic copy or a digital link to the official flood insurance rate map, committee members said.
Committee members and staff said the change is intended to put potential buyers on notice about flood risk tied to real property purchases and includes a defense if sellers rely on local government records or licensed professionals.
Cameron, a Lehi City Council member who presented the draft, summarized the bill's intent as “to ensure that a buyer of real property is on notice regarding the flood…
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