Indiana § 32-21-5-13 Disclosure of defect after offer accepted; buyer's right to nullify
contract; return of deposits

Indiana Statutes

§ 32-21-5-13 — Disclosure of defect after offer accepted; buyer's right to nullify contract; return of deposits

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

(a)Notwithstanding section 12 of this chapter, if a prospective buyer receives a disclosure form or an amended disclosure form after an offer has been accepted that discloses a defect, the prospective buyer may after receipt of the disclosure form and within two (2) business days nullify the contract by delivering a written rescission to the owner or the owner's agent, if any.

(b)A prospective buyer is not liable for nullifying a contract under this section and is entitled to a return of any deposits made in the transaction. [Pre-2002 Recodification Citation: 24-4.6-2-13.]

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(a) Notwithstanding section 12 of this
chapter, if a prospective buyer receives a disclosure form or an
amended disclosure form after an offer has been accepted that discloses
a defect, the prospective buyer may after receipt of the disclosure form
and within two (2) business days nullify the contract by delivering a
written rescission to the owner or the owner's agent, if any.
(b) A prospective buyer is not liable for nullifying a contract under
this section and is entitled to a return of any deposits made in the
transaction.
[Pre-2002 Recodification Citation: 24-4.6-2-13.]

Indiana § 32-21-5-13 (Disclosure of defect after offer accepted; buyer's right to nullify contract; return of deposits) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.