| Chapter 071 |
| 2023 -- H 5366 Enacted 06/14/2023 |
| A N A C T |
| RELATING TO BUSINESSES AND PROFESSIONS -- REAL ESTATE SALES DISCLOSURES |
Introduced By: Representatives Baginski, Solomon, Finkelman, Dawson, and J. Brien |
| Date Introduced: February 03, 2023 |
| It is enacted by the General Assembly as follows: |
| SECTION 1. Section 5-20.8-5 of the General Laws in Chapter 5-20.8 entitled "Real Estate |
| Sales Disclosures" is hereby amended to read as follows: |
| 5-20.8-5. Real estate disclosure form acknowledgement — Inclusion in real estate |
| sales agreements — Penalty for violation. |
| (a) Every agreement for the purchase and sale of residential real estate located in the state |
| shall contain an acknowledgement that a completed real estate disclosure form has been provided |
| to the buyer by the seller. |
| (b) Failure to provide the seller disclosure form to the buyer does not void the agreement |
| nor create any defect in title. Each violation of this statute by the seller or his or her agent is subject |
| to a maximum civil penalty in the amount of one hundred thousand dollars ($100 1,000) per |
| occurrence. |
| SECTION 2. This act shall take effect upon passage. |
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| LC000807 |
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