AN ACT ADDING PYRITE TO THE CRUMBLING FOUNDATIONS REMEDIATION SCHEME AND CONCERNING DISCLOSURES TO POTENTIAL HOMEBUYERS.

HB 5087 adds pyrite (a mineral causing foundation damage) to Connecticut's state program for fixing crumbling foundations. It requires real estate documents to include a disclosure informing potential homebuyers that waiving a home inspection will prevent them from receiving financial aid from the Connecticut Foundation Solutions Indemnity Company. The bill directly affects homebuyers in Connecticut purchasing properties with pyrite-related foundation issues. This disclosure ensures buyers understand they lose access to financial assistance if they skip inspections. The policy change modifies both the remediation program and real estate transaction requirements.