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IN HB1642

Bill

Official Source

Status

Introduced

1/22/2015

Primary Sponsor

Donna Schaibley

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

  • Amends IC 32-21-5-7 to require the Indiana real estate commission to adopt a specific disclosure form for property sales
  • Requires owners selling property subject to a homeowners association to disclose covenants, conditions, and restrictions adopted or enforced by the association
  • Mandates inclusion of a copy of the most recent homeowners association covenants, conditions, and restrictions in the disclosure form
  • Effective date is July 1, 2015

Legislative Description

Disclosure of covenants. Requires a person selling real estate subject to a homeowners association to disclose covenants, conditions, and restrictions adopted or enforced by the homeowners association.

Last Action

First Reading: referred to Committee on Government and Regulatory Reform

1/22/2015

Committee Referrals

Government and Regulatory Reform1/22/2015

Full Bill Text

No bill text available