Wednesday, February 28, 2007

Earth fissure disclosure legislation passes

The Arizona House (HB2323) and Senate (SB1338) have now each passed revisions to last year's real estate disclosure bill, including elimination of the erroneous reference to "maps of soils subject to fissures." AZGS supported the change, as soil types are not indicators of fissures and no such maps exist.

The new bill also addresses the misperception that homebuyers were required to buy disclosure reports from private vendors under the old law.

The bill now goes to the Governor for signature. The Senate bill can be found at

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