Bill > HB4917

This bill modifies the Texas Property Code's seller's disclosure notice to require more comprehensive reporting of water-related and flood risks when selling residential real estate. The changes expand the disclosure requirements to include new details about flood insurance, federal flood insurance requirements, water penetration or pooling in structures, erosion from natural events like hurricanes and storm surges, previous flood-related repairs, wetlands designation, and specific flood zone information. The bill defines technical terms like "100-year floodplain" and "500-year floodplain" and requires sellers to provide more granular information about past flood events, such as frequency, estimated dates, and remediation steps. Sellers must now disclose if they are required to obtain flood insurance, if the property has experienced water penetration during natural flood events, and if any portion of the property is located in specific flood risk areas. The new disclosure requirements aim to provide potential buyers with a more transparent understanding of a property's water-related risks and history. The bill will take effect on September 1, 2025, and will apply only to property transfers occurring on or after that date.

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https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB4917