Florida Senate - 2024                        COMMITTEE AMENDMENT
       Bill No. SB 484
       
       
       
       
       
       
                                Ì256786[Î256786                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  02/05/2024           .                                
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       The Committee on Judiciary (Bradley) recommended the following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete everything after the enacting clause
    4  and insert:
    5         Section 1. Section 689.302, Florida Statutes, is created to
    6  read:
    7         689.302 Disclosure of flood risks to prospective
    8  purchaser.—A seller must complete and provide a flood disclosure
    9  to a purchaser of residential real property at or before the
   10  time the sales contract is executed. The flood disclosure must
   11  be made in the following form:
   12  
   13                          FLOOD DISCLOSURE                         
   14         Flood Insurance: Homeowners’ insurance policies do not
   15         include coverage for damage resulting from floods. Buyer is
   16         encouraged to discuss the need to purchase separate flood
   17         insurance coverage with Buyer’s insurance agent.
   18         (1) Seller is .... is not .... aware of damage to the
   19         property caused by flooding during Seller’s ownership of
   20         the property.
   21         (2) Seller has .... has not .... filed a claim with an
   22         insurance provider relating to flood damage on the
   23         property, including, but not limited to, a claim with the
   24         National Flood Insurance Program.
   25         (3) Seller has .... has not .... received federal
   26         assistance for flood damage to the property, including, but
   27         not limited to, assistance from the Federal Emergency
   28         Management Agency.
   29         (4) Seller does .... does not .... maintain flood insurance
   30         on the property.
   31         (5) For the purposes of this disclosure, the term
   32         “flooding” means a general or temporary condition of
   33         partial or complete inundation of the property caused by
   34         any of the following:
   35         (a) The overflow of inland or tidal waters.
   36         (b) The unusual and rapid accumulation of runoff or surface
   37         waters from any established water source, such as a river,
   38         stream, or drainage ditch.
   39         (c) Sustained periods of standing water resulting from
   40         rainfall.
   41  
   42         Section 2. This act shall take effect October 1, 2024.
   43  
   44  ================= T I T L E  A M E N D M E N T ================
   45  And the title is amended as follows:
   46         Delete everything before the enacting clause
   47  and insert:
   48                        A bill to be entitled                      
   49         An act relating to flood disclosure in the sale of
   50         real property; creating s. 689.302, F.S.; requiring a
   51         seller of residential real property to provide
   52         specified information to a prospective purchaser at or
   53         before the sales contract is executed; specifying how
   54         such information must be disclosed; providing an
   55         effective date.