Environmental
When selling a Louisiana home known to be in a Special Flood Hazard Area (SFHA), the seller should disclose:
ANothing — flood zone status is not material
BThat the property is in an SFHA and that flood insurance may be required for federally backed financing✓ Correct
COnly the current flood insurance premium
DThat the property will never flood
Explanation
Being located in a FEMA-designated SFHA (100-year floodplain) is a material fact that must be disclosed. Properties in SFHAs require flood insurance for federally backed mortgage loans, which is a significant cost and risk factor.
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