Michigan House Bill HB6173

Michigan 2023-2024 Regular Session

• Introduced: 11/26/24
• Refer: 11/26/24

Caption

Property: land sales; seller disclosure statement; revise to reflect septic tank inspection. Amends sec. 7 of 1993 PA 92 (MCL 565.957).

Impact

If enacted, HB 6173 would significantly impact state laws governing real estate transactions by mandating that sellers include a copy of the most recent septic tank inspection report along with the seller's disclosure statement. This requirement aims to protect buyers from potential hazards associated with untreated septic systems and ensures that they are aware of the property's sanitary conditions. It may also establish a baseline standard for disclosures that could lead to more reliable assessments of property values.

Summary

House Bill 6173 aims to amend the existing Seller Disclosure Act in Michigan, specifically revising section 7 of 1993 PA 92. The principal focus of this bill is to ensure that sellers provide detailed information about the condition of the property being sold, particularly regarding the inspection and condition of septic systems. By implementing these changes, the bill seeks to enhance transparency in real estate transactions, ensuring that potential buyers are adequately informed about crucial aspects of property conditions prior to making a purchase.

Contention

While the bill is largely considered a positive step toward improved consumer protection, it could face pushback from industry stakeholders who may argue that the additional requirements could complicate or delay property transactions. There may be concerns about the burden placed on sellers, especially those who may not have recent inspection reports readily available. Ultimately, the bill's proponents will need to balance the need for thorough disclosures with the practicalities of the real estate market and seller obligations.