Sen. Rubio Introduces Bill to Increase Transparency to Protect Homebuyers Purchasing Flood-Prone Homes From HUD
U.S. Senator Marco Rubio introduced the Flood Risk Transparency for Homebuyers Act to require the U.S. Department of Housing and Urban Development to provide a disclosure notice to potential homebuyers if the HUD listed properties are located in a flood zone and are considered a Repetitive Loss property according to the National Flood Insurance Program.
Source: insurancenewsnet.com