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 are exempt from providing an affidavit under certain conditions, such as sales conducted through a trustee's sale or by a personal representative of an estate. The bill also stipulates that licensed escrow agents are responsible for recording the affidavit and are not liable for inaccuracies within it.

Furthermore, the bill introduces several technical changes to the existing language, including the removal of outdated provisions and the addition of disclaimers regarding the maintenance of private wells and the legality of septic systems versus cesspools. It specifies that the beneficiary of a subdivision trust must provide the required affidavit if the seller is a trustee. Overall, these updates aim to enhance transparency and ensure that buyers receive critical information about the properties they are considering.

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