New York State Flood Disclosure Form

New York's Historic Flood Disclosure Bill: A Major Victory for Climate Change

What You Need to Know

* A new real estate law went into effect today in New York, bringing with it major changes that remove the option to give. * In a major victory for addressing the realities of climate change, New York's State Legislature passed a historic flood disclosure bill that would guarantee a. * The bill requires home sellers to disclose information about flood risk, flood history, and flood insurance.

Why This Matters

* New York is one of the most flood-prone states in the country. * The new law will help to protect homebuyers from the financial risks of flooding. * The law will also help to raise awareness of the risks of flooding and encourage homeowners to take steps to protect their properties.

Key Provisions of the Law

* The law requires home sellers to disclose information about flood risk, flood history, and flood insurance. * The disclosure must be made in writing and must be signed by the seller. * The disclosure must be provided to the buyer before the buyer makes an offer on the property.

Benefits of the Law

* The law will help to protect homebuyers from the financial risks of flooding. * The law will also help to raise awareness of the risks of flooding and encourage homeowners to take steps to protect their properties. * The law is a major victory for addressing the realities of climate change.

Conclusion

The new flood disclosure law is a major victory for homebuyers and for the environment. The law will help to protect homebuyers from the financial risks of flooding, raise awareness of the risks of flooding, and encourage homeowners to take steps to protect their properties.