Sale of Residential Real Property - Required Flood Risk Disclosure

HB 200 requires home sellers in Maryland to provide buyers with a standardized flood risk disclosure form before finalizing a property sale. The form, created by the Department of the Environment, must detail if a property is in a high-risk flood zone (1% annual chance), moderate-risk area (0.2% annual chance), has flood insurance requirements, or has a history of flood damage or claims. Sellers must provide this form and, if available, a FEMA elevation certificate and records of past flood claims. The requirement takes effect July 1, 2027, directly affecting residential property sellers and buyers.