AN ACT

 

1Amending Title 68 (Real and Personal Property) of the
2Pennsylvania Consolidated Statutes, in seller disclosures,
3further providing for real estate seller disclosure form.

4The General Assembly of the Commonwealth of Pennsylvania
5hereby enacts as follows:

6Section 1. Section 7304(b) of Title 68 of the Pennsylvania
7Consolidated Statutes is amended by adding a paragraph to read:

8§ 7304. Disclosure form.

9* * *

10(b) Contents of property disclosure statement.--The form of
11property disclosure statement promulgated by the State Real
12Estate Commission shall call for disclosures with respect to all
13of the following subjects:

14* * *

15(17) The property's location in a flood zone or wetlands
16area and the property's flood history including the frequency
17and the extent of flooding.

1* * *

2Section 2. Within 120 days of the effective date of this
3section, the State Real Estate Commission shall revise the
4property disclosure statement so that the statement conforms to
5this act.

6Section 3. This act shall take effect immediately.