The bill amends Title 68 of the Pennsylvania Consolidated Statutes, specifically focusing on residential real property. It introduces new definitions related to flood damage and flood-related risk factors, which include various indicators of potential flood risks, such as previous flood damage, location in flood hazard areas, and insurance requirements. The definition of "material defect" is also expanded to include flood-related risk factors, emphasizing the importance of these issues in real estate transactions.

Additionally, the bill mandates that sellers disclose any known flood-related risk factors in their property disclosure statements, including the frequency and dates of past flood damage. The Insurance Department is tasked with creating a publicly accessible website that provides information on flood risks, mitigation strategies, and links to resources identifying properties in flood hazard areas. Furthermore, sellers are required to provide a written disclosure to buyers about the importance of flood insurance, highlighting that standard homeowner's insurance typically does not cover flood damage. The act is set to take effect in 60 days.

Statutes/Laws affected:
Printer's No. 2093 (Jul 08, 2025): 68-7102