The Natural Hazard Disclosure Law (NHDL) is not specific on all areas of
concern for disclosure purposes. Many areas of the country and local
regions have other areas of concern that may require special reporting.
GeoAssurance will advise the Seller and the Sellerís broker if
additional reporting is available or necessary to provide to the Buyer.
Examples may be the presence of methane, proximity to
airports, landfills, etc., which may be found in databases that may not
be routinely searched to see whether the property in question is
affected by the physical characteristics. GeoAssurance can advise
whether a separate environmental report would be advisable.
GeoAssurance generally provides information on
between six and sixteen areas of concern. The local governments may have
additional information concerning local issues of concern, such as local
current or historical landslides, toxic spills, noise problems from
general aviation airports, etc.
A Natural Hazard Disclosure (NHD) report from
GeoAssurance gives the Seller and the Sellerís broker peace of mind, and
they can rest assured that their legal disclosure requirements have been
met. The products made available by GeoAssurance do not constitute
insurance. They are informational only. GeoAssurance produces reports
that are compiled from public databases. This information is subject to
change and updating of such databases by others, typically governmental
The information provided by GeoAssurance represents
the most recent data. As an example, if GeoAssurance searches for flood
inundation, but the local maps and databases have not been updated by
the time of the GeoAssurance search, the report will reflect the
The Seller and the Sellerís broker have an
affirmative obligation to advise GeoAssurance if they know or should
have known of an error or inaccuracy in the GeoAssurance report. For
example, if the local governmental agency has announced in a local news
release that flood inundation maps are being changed, the Seller and/or
the Sellerís broker must advise GeoAssurance so that a corrected report
may be issued. Very often, the local information is announced before
relevant databases are updated for access. All other natural hazards not
referred to in the GeoAssurance report must be disclosed to the Buyer,
Again, the purpose of the Natural Hazard Disclosure
Law is to inform the Buyer of any potential hazards and to let the Buyer
make an informed decision to buy, and mitigate such hazards.
California Civil Code SECTION 1103-1103.14 of TRANSFER OF REAL PROPERTY