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In Northeastern Illinois Therefore, a regulatory program should be supported with public information materials that explain the reasons for the rules as well as the penalties. It also needs regular inspections to catch violations. Appropriate for: All waterways, including street ditches, Obstructions have their greatest impact in smaller streams and ditches, so regulating dumping has its greatest effect there. Problems: It is easy to find dumped materials but hard to determine .and catch the person who put it there. Generally, it is the adjacent property owner's responsibility to keep a stream clean, but that may not be fair for sites near bridges and other public access points. A public information program that covers both why dumping causes problems and how to report violations can help. For more information: Example dumping ordinance language can be found in CRS Credit for Drainage System Maintenance. 1. Federal law requires that banks and other federally regulated lending institutions must advise an applicant for a mortgage or other loan that is secured by an insurable building that the property is in a floodplain as Shown on the Flood Insurance Rate Map. TIJis requirement only has to be met five days before closing, so often the applicant is already committed to purchase the property. TIJis requirement does not affect renters or instances where properties are purchased without mortgages from federally regulated lenders. Enforcement of this law is up to the federal agencies that regulate lending institutions, such as FDIC. 2.1.11 Real estate disclosure Many times after a flood, people say that they would have done something to protect themselves if they only knew they had purchased a f1oodprone property. There are currently three regulations that provide a disclosure of the flood hazard to potential property purchasers. ~ 2. Illino . d Statutes, Chapter 55, Section 5/3-5029 requires that sion plats must show w art of the subdivi . in a Special Flood Hazard Area. TIJis inform . use as most buyers do not check a plat A title se discover this information, but I ovided after the bu . committed to the deal. 3. er I 1994, the Residential Real Property Disclosure Act went' in lllinois. This new law req er if the seller is aware of any nooding or basemen 0 em, if the p ated in a floodplain, or if as flood insurance. The information is based on the era! knowledge and experience; no special study is needed.