SB 907 — AN ACT CONCERNING THE RESIDENTIAL DISCLOSURE REPORT AND CRUMBLING CONCRETE FOUNDATIONS.

General Assembly SubstituteRaised Bill No.

907 January Session, 2019 ANLCO ACTNo. CONCERNING THE RESIDENTIAL DISCLOSURE REPORT AND CRUMBLING CONCRETE FOUNDATIONS.

4327 Referred to Committee on INSURANCE AND REAL ESTATE Introduced by:

(INS) AN ACT CONCERNING THE RESIDENTIAL DISCLOSURE REPORT AND CRUMBLING CONCRETE FOUNDATIONS.

SubsectionsSubsection (b)(d) to (d), inclusive, of section 20-327b of the general statutes areis repealed and the following is substituted in lieu thereof (Effective October 1, 2019):

(b) The following shall be exempt from the provisions of this section:

(1) Any transfer from one or more co-owners solely to one or more of the co-owners;

(2) transfers made to the spouse, mother, father, brother, sister, child, grandparent or grandchild of the transferor where no consideration is paid;

(3) [transfers pursuant to an order of the court;

(4)] transfers of newly-constructed residential real property for which an implied warranty is provided under chapter 827;

[(5)] (4) transfers made by executors, administrators, trustees or conservators;

[(6)] (5) transfers by the federal government, any political subdivision thereof or any corporation, institution or quasi- governmental agency chartered by the federal government;

[(7) transfers by deed in lieu of foreclosure;

(8)] (6) transfers by the state of Connecticut;

[or any political subdivision thereof;

(9)] and (7) transfers of property which was the subject of a contract or option entered into prior to January 1, 1996.

[;

and (10) any transfer of property acquired by a judgment of strict foreclosure or by foreclosure by sale or by a LCO \\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-00907-R1 of 11 SB.docx Substitute Bill No.

907 deed in lieu of foreclosure.] (c) The provisions of this section shall apply only to transfers by sale, exchange or lease with option to buy, of residential real property consisting of not less than one nor more than four dwelling units which shall include cooperatives and condominiums, and shall apply to all transfers, with or without the assistance of a licensed real estate broker or salesperson, as defined in section 20-311.

The report shall contain the following, in the order indicated:LCO No.

4327 1 of 11 Raised Bill No.907 indicated:

LCO(2) {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0092Pursuant ofto 11the R01-SB.docxUniform }Property SubstituteCondition BillDisclosure No.Act, the seller is obligated to answer the following questions and to disclose herein any knowledge of any problem regarding the following:

907 (2) Pursuant to the Uniform Property Condition Disclosure Act, the seller is obligated to answer the following questions and to disclose herein any knowledge of any problem regarding the following:

(v)LCO IsNo. the property in a flood hazard area or an inland wetlands area? If YES, explain:

4327 2 of 11 Raised Bill No.907 (v) Is the property in a flood hazard area or an inland wetlands area? If YES, explain:

Information concerning village districts and LCOhistoric {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-00903districts ofmay 11be R01-SB.docxobtained }from Substitutethe Billmunicipality's No.village or historic district commission, if applicable.

907 historic districts may be obtained from the municipality's village or historic district commission, if applicable.

The assignment orLCO transferNo. of the lease or rental agreement(s) to the buyer or the replacement or substitution of the equipment by the buyer? If YES, indicate by checking ALL items that apply:

4327 3 of 11 Raised Bill No.907 or transfer of the lease or rental agreement(s) to the buyer or the replacement or substitution of the equipment by the buyer? If YES, indicate by checking ALL items that apply:

LCO(iii) {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0094Is ofthere 11an R01-SB.docxunderground }storage Substitutetank? BillIf No.YES, give AGE of tank and LOCATION.

907 (iii) Is there an underground storage tank? If YES, give AGE of tank and LOCATION.

(x) Are there carbon monoxide or smoke detectors located in a dwelling on the property? If YES, state the NUMBER of such detectors andLCO whetherNo. there have been problems with such detectors;

4327 4 of 11 Raised Bill No.907 and whether there have been problems with such detectors;

LCO(II) {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0095Are ofthere 11any R01-SB.docxUNPAID }water Substitutecharges? BillIf No.YES, state the amount unpaid:

907 (II) Are there any UNPAID water charges? If YES, state the amount unpaid:

(iii)LCO IfNo. Private:

4327 5 of 11 Raised Bill No.907 (iii) If Private:

LCO(iii) {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0096Is oflead 11plumbing R01-SB.docxpresent? }If SubstituteYES, Billlocation: No.

907 (iii) Is lead plumbing present? If YES, location:

(vii)LCO DoNo. you have any knowledge related to the presence of pyrrhotite in a foundation on the property? If YES, explain: