§ 32-21-5-10 — Disclosure form; presentation required before acceptance of offer

Indiana § 32-21-5-10

• Jurisdiction: Indiana
• Title 32: PROPERTY
• Art. 21: CONVEYANCE PROCEDURES FOR REAL
• Ch. 5: Residential Real Estate Sales Disclosure

Text

(a) An owner must complete and sign a
disclosure form and submit the form to a prospective buyer before an
offer for the sale of the residential real estate is accepted.
(b) An appraiser retained to appraise the residential real estate for
which the disclosure form has been prepared shall be given a copy of
the form upon request. This subsection applies only to appraisals made
for the buyer or an entity from which the buyer is seeking financing.
(c) Before closing, an accepted offer is not enforceable against the
buyer until the owner and the prospective buyer have signed the
disclosure form. After closing, the failure of the owner to deliver a
disclosure statement form to the buyer does not by itself invalidate a
real estate transaction. A buyer may not invalidate a real estate
transaction or a contract to purchase real estate due to the buyer's
failure to sign a seller's disclosure form that has been received or
acknowledged by the buyer.
[Pre-2002 Recodification Citation: 24-4.6-2-10.]

Legislative History

As added by P.L.2-2002, SEC.6. Amended by P.L.150-2013, SEC.3.