Bill
LD 413
Overview: LD 413, "An Act Regarding Disclosure By Sellers Of Residential Real Property Of Notices Of Shoreland Zoning Ordinance Violations", became law without the Governor's signa
Overview: LD 413, "An Act Regarding Disclosure By Sellers Of Residential Real Property Of Notices Of Shoreland Zoning Ordinance Violations", became law without the Governor's signature. It was introduced on February 4, 2025.
Purpose and Intent: The bill aims to enhance transparency in residential real estate transactions by requiring sellers to disclose any notices of shoreland zoning ordinance violations they have received.
Key Provisions:
- Sellers of residential real property must disclose in writing any notices of shoreland zoning ordinance violations they have received prior to the sale.
- The disclosure must be made before the purchase and sale contract is signed.
- Failure to disclose such notices can result in the buyer being able to terminate the contract or seek damages.
Affected Parties and Impacts: This law affects sellers of residential real estate located in shoreland areas, as well as prospective buyers of such properties. It is intended to provide buyers with important information about potential property issues before completing the transaction.
Procedural and Timeline Considerations: The bill became law without the Governor's signature, indicating it had sufficient support to pass the legislature. The new disclosure requirement will take effect immediately upon the law's enactment.
Compiled from official sources — confirm details with the bill’s official record.
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