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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