A BILL TO BE ENTITLED
AN ACT requiring that residential property disclosure statements contain information about airport noise contour zones and the 100-year floodplain and the flood fringe.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 47E‑4(b) reads as rewritten:
"(b)	The North Carolina Real Estate Commission shall develop and require the use of a standard disclosure statement to comply with the requirements of this section. The disclosure statement shall specify that certain transfers of residential property are excluded from this requirement by G.S. 47E‑2, including transfers of residential property made pursuant to a lease with an option to purchase where the lessee occupies or intends to occupy the dwelling, and shall include at least the following characteristics and conditions of the property:
(1)	The water supply and sanitary sewage disposal system;
(2)	The roof, chimneys, floors, foundation, basement, and other structural components and any modifications of these structural components;
(3)	The plumbing, electrical, heating, cooling, and other mechanical systems;
(4)	Present infestation of wood‑destroying insects or organisms or past infestation the damage for which has not been repaired;
(5)	The zoning laws, restrictive covenants, building codes, and other land‑use restrictions affecting the real property, any encroachment of the real property from or to adjacent real property, and notice from any governmental agency affecting this real property;  
(6)	Presence of lead‑based paint, asbestos, radon gas, methane gas, underground storage tank, hazardous material or toxic material (whether buried or covered), and other environmental contamination; 
(7)	The airport noise contour zones; and
(8)	The 100‑year floodplain and the flood fringe.
The disclosure statement shall provide the owner with the option to indicate whether the owner has actual knowledge of the specified characteristics or conditions, or the owner is making no representations as to any characteristic or condition."
SECTION 2.  This act is effective when it becomes law.