Land Use & Zoning
A flood plain disclosure is important in Nebraska real estate transactions because:
AAll Nebraska properties are in flood plains
BProperties in FEMA-designated flood zones may require flood insurance and face development restrictions✓ Correct
CFlood insurance is always provided free by the state
DFlood plains are always exempt from property taxes
Explanation
Properties in FEMA-designated Special Flood Hazard Areas (100-year flood zones) require flood insurance for federally backed mortgages and are subject to development restrictions under the National Flood Insurance Program.
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