The Natural Hazards Disclosure Act is a California state law requiring sellers and their listing agents to provide prospective buyers with a Natural Hazards Disclosure statement that designates whether the home they’re selling is located in a hazard area. Hazard areas include flood, fire, earthquake fault, and seismic hazard zones. The disclosure should also note whether the home is subject to Mello-Roos tax. Paid for by the sellers, the disclosure is prepared by a city engineer, geologist, or land surveyor. Buyers should get the disclosure during the inspection contingency period and will have three days to decide if they want to rescind their offer based on the report’s findings. It must be signed by all parties before the transaction can close.