LD 1966
pg. 6
Page 5 of 7 An Act to Require Disclosures in Connection with Transfers of Residential Prope... Page 7 of 7
Download Bill Text
LR 2240
Item 1

 
supplement to the property disclosure statement may not be used as
substitutes for any inspections or warranties that the purchaser or
owner may obtain.

 
§177.__Liability

 
1.__Owner not liable.__An owner is not liable for any error,
inaccuracy or omission of any information required to be
delivered to the purchaser under this subchapter if:

 
A.__The error, inaccuracy or omission was not within the
actual knowledge of the owner or was based on information
provided by a public agency or by another person with a
professional license or special knowledge who provided a
written or oral report or opinion that the owner reasonably
believed to be correct; and

 
B.__The owner was not negligent in obtaining information
from a 3rd party and transmitting that information to the
purchaser.

 
2.__Agent not liable.__An agent of an owner is not liable for
any violation of this subchapter by an owner unless the agent
knowingly acts in concert with the owner to violate this
subchapter.

 
§178.__Delivery of property disclosure statement

 
Delivery of the property disclosure statement must be by:

 
1.__Personal; facsimile.__Personal or facsimile delivery to
the purchaser;

 
2.__First class mail.__First class mail, postage prepaid,
addressed to the purchaser at the address provided by the
purchaser; or

 
3.__Overnight delivery.__Overnight delivery services, charges
prepaid, addressed to the purchaser at the address provided by
the purchaser.

 
In a transaction with multiple purchasers, delivery to one
purchaser constitutes delivery to all purchasers.__Delivery to an
authorized individual acting on behalf of one or more purchasers
constitutes delivery to all purchasers.

 
§179.__Effect on other statutes or common law


Page 5 of 7 Top of Page Page 7 of 7