January 7, 2002, read first time and referred to Committee on Environmental Affairs.
January 15, 2002, amended, reported favorably _ Do Pass.
January 22, 2002, read second time, ordered engrossed.
January 23, 2002, engrossed.
January 24, 2002, read third time, passed. Yeas 48, nays 1.
February 5, 2002, read first time and referred to Committee on Environmental Affairs.
February 21, 2002, amended, reported _ Do Pass.
February 22, 2002
Second Regular Session 112th General Assembly (2002)
PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana
Constitution) is being amended, the text of the existing provision will appear in this style type,
additions will appear in this style type
, and deletions will appear in
this style type.
Additions: Whenever a new statutory provision is being enacted (or a new constitutional
provision adopted), the text of the new provision will appear in this style type
. Also, the
will appear in that style type in the introductory clause of each SECTION that adds
a new provision to the Indiana Code or the Indiana Constitution.
Conflict reconciliation: Text in a statute in this style type
this style type
between statutes enacted by the 2001 General Assembly.
SENATE BILL No. 79
A BILL FOR AN ACT to amend the Indiana Code concerning trade
regulations; consumer sales and credit.
Be it enacted by the General Assembly of the State of Indiana:
SECTION 1. IC 24-4.6-2-7 IS AMENDED TO READ AS
FOLLOWS [EFFECTIVE JULY 1, 2002]: Sec. 7. The Indiana real
estate commission established by IC 25-34.1-2-1 shall adopt a specific
disclosure form that contains the following:
(1) Disclosure by the owner of the known condition of the
(A) The foundation.
(B) The mechanical systems.
(C) The roof.
(D) The structure.
(E) The water and sewer systems.
(F) Additions that may require improvements to the
sewage disposal system.
(G) Other areas that the Indiana real estate commission
determines are appropriate.
(2) A notice to the prospective buyer that contains substantially
the following language:
"The prospective buyer and the owner may wish to obtain
professional advice or inspections of the property and provide for
appropriate provisions in a contract between them concerning any
advice, inspections, defects, or warranties obtained on the
(3) A notice to the prospective buyer that contains substantially
the following language:
"The representations in this form are the representations of the
owner and are not the representations of the agent, if any. This
information is for disclosure only and is not intended to be a part
of any contract between the buyer and owner.".
(4) A disclosure by the owner that an airport is located within a
geographical distance from the property as determined by the
Indiana real estate commission. The commission may consider the
differences between an airport serving commercial airlines and an
airport that does not serve commercial airlines in determining the
distance to be disclosed.