A buyer receives an NHD report for a property in San Bernardino, California. The report shows the property is in a Dam Inundation Zone. What does this zone designation indicate?
Correct Answer
D) The property is located below a dam and could be affected by flooding if the dam were to fail
A Dam Inundation Zone, as mapped by the California Department of Water Resources, identifies areas that could be flooded in the event of a dam failure. The designation indicates potential risk, not current flooding. The buyer should understand that the property is in the projected flood path if a nearby dam were to fail.
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Under California Civil Code §1103, the Natural Hazard Disclosure requirement applies to transfers of residential property with one to four units. Which of the following transactions is EXEMPT from the NHD requirement?
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A listing agent in Redding, California, orders an NHD report from a third-party company. The report indicates the property is in a State Fire Responsibility Area (SRA). The seller asks what this means. What is the correct explanation?