§10–716.

    (a)    In this section, “FEMA elevation certificate” has the meaning stated in § 5–810 of the Environment Article.

    (b)    (1)    This section applies only to residential real property improved by four or fewer single family units.

        (2)    This section does not apply to:

            (i)    The initial sale of a single family residence that:

                1.    Has never been occupied; or

                2.    A certificate of occupancy has been issued for within 1 year before the date on which the vendor and purchaser enter into a contract of sale;

            (ii)    A transfer of property that is exempt from the transfer tax under § 13–207 of the Tax – Property Article, except:

                1.    A land installment contract of sale; or

                2.    An option to purchase real property;

            (iii)    A sale by a lender, or an affiliate of a lender, that acquired the real property by foreclosure or deed in lieu of foreclosure;

            (iv)    A sheriff’s sale, tax sale, or sale by foreclosure, partition, or court–appointed trustee;

            (v)    A transfer by a fiduciary in the course of administering a decedent’s estate, guardianship, conservatorship, or trust;

            (vi)    A transfer of a single family residential real property that the buyer will convert into a use other than residential; or

            (vii)    A sale of unimproved real property.

    (c)    Beginning July 1, 2027, before entering into a contract of sale, a vendor of residential real property shall provide to the purchaser:

        (1)    A completed flood risk disclosure statement form developed and published by the Department of the Environment under § 5–810 of the Environment Article; and

        (2)    If available, a copy of the FEMA elevation certificate for the property.