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 § 32-21-5-13

Title 32PROPERTY

Art. 21CONVEYANCE PROCEDURES FOR REAL

Ch. 5Residential Real Estate Sales Disclosure

This text of Indiana § 32-21-5-13 (Disclosure of defect after offer accepted; buyer's right to nullify contract; return of deposits) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 32-21-5-13 (2026).

Text

(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.]