Disclosure Source Nhd For Toolchain
Description
How to fill out Natural Hazard Disclosure Statement?
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FAQ
The Federal Emergency Management Agency (FEMA) places California in the ?very high risk? category for earthquakes. In fact, California experiences the most frequent damaging earthquakes.
There are six main natural hazards that must be disclosed in California's NHD report. They are: Special flood zone areas. Area of potential flooding on a dam failure inundation map.
The Natural Hazards Disclosure Act under Sec. 1103 of the California Civil Code states that real estate sellers and brokers are legally required to disclose if the property being sold lies within one or more state or locally mapped hazard areas.
A natural hazard zone is an area where homes face a greater risk for damage or destruction from natural disasters such as earthquakes, floods, landslides and wildfires.
Natural Hazard Disclosures can be prepared by a third-party company or the seller with help from their real estate agent. If the NHD is ordered from a third-party company, the seller usually pays for it. The report typically costs between $50 and $150.