The proposed bill, if enacted, would amend current statutes regarding the affidavit of disclosure required for the sale of parcels of land in unincorporated areas. It would modify the existing requirements by adding new questions to the affidavit concerning the status of private wells and on-site wastewater treatment facilities, including inspection dates and maintenance responsibilities. Additionally, it would clarify that sellers or their licensed escrow agents are responsible for recording the affidavit at the same time as the deed, and it would exempt certain sellers, such as those involved in trustee's sales or estate sales, from providing the affidavit.

Furthermore, the bill would specify that licensed escrow agents are not liable for inaccuracies in the affidavit and would require them to include disclaimers about the maintenance of private wells and the legality of septic systems versus cesspools. It would also introduce new provisions for the disclosure of property conditions and clarify the definitions of sellers and subsequent sellers, ensuring that personal representatives of estates are not considered sellers under this statute. Overall, these changes aim to enhance transparency and provide more detailed information to buyers regarding property conditions.

Statutes affected:
Introduced Version: 33-422
House Engrossed Version: 33-422
Senate Engrossed Version: 33-422