§ 32-21-5-12 — Matters arising after form delivered; requirement to disclose at settlement; unknown or unavailable information

Indiana § 32-21-5-12

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

Text

(a) An owner does not violate this chapter
if the owner subsequently discovers that the disclosure form is
inaccurate as a result of any act, circumstance, information received,
or agreement subsequent to the delivery of the disclosure form.
However, at or before settlement, the owner is required to disclose any
material change in the physical condition of the property or certify to
the purchaser at settlement that the condition of the property is
substantially the same as it was when the disclosure form was provided.
(b) If at the time disclosures are required to be made under
subsection (a) an item of information required to be disclosed is
unknown or not available to the owner, the owner may state that the
information is unknown or may use an approximation of the
information if the approximation is clearly identified, is reasonable, is
based on the actual knowledge of the owner, and is not used to
circumvent the disclosure requirements of this chapter.
[Pre-2002 Recodification Citation: 24-4.6-2-12.]

Legislative History

As added by P.L.2-2002, SEC.6.