Florida Senate - 2023                                    SB 1720
       By Senator Rouson
       16-01323-23                                           20231720__
    1                        A bill to be entitled                      
    2         An act relating to flood disclosures for residential
    3         and commercial property sales; creating s. 689.302,
    4         F.S.; requiring a seller of residential or commercial
    5         property to disclose in writing certain flood
    6         information to a prospective purchaser before
    7         executing a contract for the sale of the property;
    8         providing an effective date.
   10  Be It Enacted by the Legislature of the State of Florida:
   12         Section 1. Section 689.302, Florida Statutes, is created to
   13  read:
   14         689.302Disclosure of flood risks to prospective
   15  purchaser.—A seller of residential or commercial property,
   16  before executing a contract for sale, shall disclose in writing
   17  to a prospective purchaser all of the following information
   18  known to the seller:
   19         (1)Whether the property has suffered water damage or
   20  moisture-related damage caused by a natural flood event within
   21  the last 10 years.
   22         (2)Whether the property owner has maintained flood
   23  insurance.
   24         (3)Whether any portion of the property is located in or
   25  near a designated flood hazard zone established by the Federal
   26  Emergency Management Agency.
   27         Section 2. This act shall take effect July 1, 2023.