This bill amends Title 68 of the Pennsylvania Consolidated Statutes, specifically focusing on residential real property. It introduces new definitions related to flood risks, including "flood damage," "flood-related risk factor," and "natural flood event." The definition of "material defect" is also updated to include flood-related risk factors, emphasizing the importance of disclosing any potential flood risks associated with a property. Additionally, the bill mandates that sellers disclose any known flood-related risk factors and the history of flood damage on the property in their disclosure statements.

Furthermore, the bill requires the Insurance Department to create a publicly accessible website that provides information on flood-related risk factors, flood mitigation, and flood insurance. Sellers are also required to provide a written disclosure to buyers regarding the importance of understanding flood insurance coverage, highlighting that standard homeowner's insurance typically does not cover flood damage. This act is set to take effect in 60 days following its passage.

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