S.F. 2001 Section 1. Section 558A.4, subsection 1, Code 2014, is 1 amended by adding the following new paragraph: 2 NEW PARAGRAPH . 0b. The disclosure statement shall include 3 information relating to whether the real property has been used 4 for the manufacture, use, storage, or sale of methamphetamine, 5 its salts, isomers, or salts of isomers, as provided in rules 6 which shall be adopted by the real estate commission pursuant 7 to section 543B.9. If the disclosure statement indicates 8 that the real property has been used for the manufacture, 9 use, storage, or sale of any such substance, the transferor 10 shall provide informational materials explaining the health 11 risks associated with contaminated real property along with 12 the disclosure statement. The commission shall consult with 13 the department of public health to develop such informational 14 materials. 15 EXPLANATION 16 The inclusion of this explanation does not constitute agreement with 17 the explanation’s substance by the members of the general assembly. 18 This bill requires that the transferor of real property 19 disclose whether the property has been used for the 20 manufacture, use, storage, or sale of methamphetamine. The 21 bill also requires that the transferor provide informational 22 materials on the health risks associated with contaminated real 23 property along with the disclosure statement if the disclosure 24 statement indicates that the real property has been used for 25 the manufacture, use, storage, or sale of methamphetamine. 26 The bill requires the real estate commission to consult with 27 the department of public health to develop the informational 28 materials. 29 Code section 714.8(20) provides that if real property is 30 being sold on contract, the contract seller is guilty of a 31 fraudulent practice if the seller intentionally provides 32 inaccurate information on matters required to be included in 33 a disclosure statement. 34 -1- LSB 5031XS (3) 85 aw/sc 1/ 1