Ind. Code § 32-21-5-13
Disclosure of defect after offer accepted; buyer's right to nullify contract; return of deposits
As added by P.L.2-2002, SEC.6.
- (a) Notwithstanding section 12 of this chapter, if a prospective buyer receives a disclosure form or an amended disclosure form after an offer has been accepted that discloses a defect, the prospective buyer may after receipt of the disclosure form and within two (2) business days nullify the contract by delivering a written rescission to the owner or the owner's agent, if any.
(b) A prospective buyer is not liable for nullifying a contract under this section and is entitled to a return of any deposits made in the transaction.
[Pre-2002 Recodification Citation: 24-4.6-2-13.]
As added by P.L.2-2002, SEC.6.