US Laws, Codes, Statutes & Cases

 
    §  242.  Disclosure  prior  to  the  sale of real property. 1. (a) Any
  person, firm, company, partnership or corporation offering to sell  real
  property  to which no utility electric service is provided shall provide
  written notice to  the  prospective  purchaser  or  to  the  prospective
  purchaser's  agent,  clearly  indicating this fact. Such notice shall be
  provided prior to accepting a purchase offer.
    (b) Any prospective or actual purchaser who has suffered a loss due to
  a violation of this section is entitled to recover  any  actual  damages
  incurred from the person offering to sell said real property.
    (c)  The  provisions  of this subdivision shall not apply in instances
  where the real property being  sold  lies  within  the  applicable  free
  footage  allowance  or  service  lateral specified by the public service
  commission in rule, regulation or public utility tariff.
    2. Disclosure prior to the sale of  real  property  to  which  utility
  surcharge payments attach. (a) Any person, firm, company, partnership or
  corporation  offering  to  sell real property against which an electric,
  gas or water utility surcharge is assessed for the purpose of  defraying
  the  costs  associated with an electric, gas or water line extension, or
  for  the  purpose  of  defraying  the  costs  associated  with   related
  facilities, shall provide written notice to the prospective purchaser or
  the prospective purchaser's agent, stating as follows: "This property is
  subject  to  an  electric,  gas  and/or  water  utility  surcharge".  In
  addition, such notice shall also state, the  type  and  purpose  of  the
  surcharge,  the  amount  of  the surcharge and whether such surcharge is
  payable on a monthly, yearly  or  other  basis.  Such  notice  shall  be
  provided by the seller prior to accepting a purchase offer.
    (b) Any prospective or actual purchaser who has suffered a loss due to
  a  violation  of  this  subdivision  is  entitled  to recover any actual
  damages incurred from the person offering to sell or selling  said  real
  property.