Bill updates seller disclosure to reflect Pollution Liability Insurance Agency program changes
House Bill 2,501 would revise the seller disclosure statement about heating oil tanks to tell buyers that remediation assistance 'may be available' as the Pollution Liability Insurance Agency transitioned its program into a loan and grant model; staff and proponents said the statutory disclosure must match the updated program mechanics.
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House Bill 2,501 would change the mandatory seller disclosure language about residential heating oil tanks so the notice reflects that remediation assistance from the Pollution Liability Insurance Agency (PLIA) "may be available" rather than stating "no cost insurance may be available." The change aligns the statutory disclosure with the PLIA’s transition of the program to a loan and grant structure completed July 1, 2025.
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