The owner is not liable for any error, inaccuracy, or omission of any information required to be delivered to the prospective buyer under this chapter if:

1. (1) 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

2. (2) the owner was not negligent in obtaining information from a third party and transmitting the information.

   [Pre-2002 Recodification Citation: 24-4.6-2-11.]

As added by P.L.2-2002, SEC.6.