Sections
14 entriesSection 1103Requires natural-hazard disclosures for specified single-family sales, exchanges, purchase contracts, options, and improved ground leases when the seller or agent has actual…Section 1103.1Exempts specified transactions from the natural-hazard disclosure article, including court-ordered and foreclosure transfers, most fiduciary transfers, coowner and family transfers, governmental transactions,…Section 1103.2Requires the natural-hazard disclosures to be made on the prescribed statement covering flood, dam, fire, wildland, earthquake-fault, and seismic hazards. When specified…Section 1103.3Requires a covered seller to deliver the natural-hazard disclosure as soon as practicable before title transfer or, for specified contracts and leases,…Section 1103.4Exempts sellers and their agents from liability for natural-hazard disclosure errors outside their personal knowledge when based on timely qualifying information and…Section 1103.5Exempts a seller and seller’s agent from further natural-hazard disclosure duties for information properly disclosed under the specified provision. Later inaccuracies caused…Section 1103.7Requires every natural-hazard disclosure and each act performed in making it to be done in good faith. Defines “good faith” for this…Section 1103.8Establishes that the natural-hazard disclosure article does not reduce disclosure duties imposed by other law or duties needed to avoid fraud, misrepresentation,…Section 1103.9Allows a seller or the seller’s agent to amend in writing any disclosure made under the natural-hazard disclosure article. Any amendment remains…Section 1103.10Requires natural-hazard disclosures to be delivered personally to the transferee or mailed to the prospective transferee. Delivery to the transferee’s spouse is…Section 1103.11Exempts a non-real-estate-licensee acting as escrow agent in a covered natural-hazard transaction from being treated as the transferor’s or transferee’s disclosure agent…Section 1103.12Requires, when multiple licensed brokers act in a covered natural-hazard transaction, the broker who obtained the transferee’s offer to deliver the disclosure…Section 1103.13Bars invalidation of a transfer covered by the natural-hazard disclosure article solely because a person failed to comply with the article. A…Section 1103.15Extends subdivision (d) of the referenced real-estate disclosure statute to the natural-hazard disclosure article. The text provides no independent description of that…