Chapter 072
2023 -- S 0033
Enacted 06/14/2023

A N   A C T
RELATING TO BUSINESSES AND PROFESSIONS -- REAL ESTATE SALES DISCLOSURES

Introduced By: Senators F. Lombardi, Euer, LaMountain, McKenney, and Zurier

Date Introduced: January 18, 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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LC000572
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