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2019 Indiana Code
Title 32. Property
Article 21. Conveyance Procedures for Real Property
Chapter 5. Residential Real Estate Sales Disclosure
32-21-5-13. Disclosure of defect after offer accepted; buyer's right to nullify contract; return of deposits
Universal Citation: IN Code § 32-21-5-13 (2019)
IC 32-21-5-13 Disclosure of defect after offer accepted; buyer's right to nullify contract; return of deposits
Sec. 13. (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.]
As added by P.L.2-2002, SEC.6.
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