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Maine enacts LD 2035 requiring flood-risk disclosures in real estate transactions
Summary
A 2024 Maine law, LD 2035, requires sellers to disclose digitally mapped FEMA special flood hazard area status and recent flood history; the Department of Agriculture, Conservation and Forestry described the law and implementation guidance during a regional workshop.
David Ludwig, Senior Planner at the Department of Agriculture, Conservation and Forestry, described LD 2035 and the department’s approach to implementing the law at a Midcoast hazard-resilience workshop. "LD 2035...became law effective on August 9, 2024," Ludwig said, and it amends existing disclosure requirements for commercial and noncommercial real estate transactions to include whether a structure is located in a digitally mapped Federal Emergency Management Agency (FEMA) special flood hazard area and whether the property experienced floods, flood damage, flood insurance claims, or flood-related disaster aid while the current…
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