Sec. 6. (a) Within two (2) days of entering into an agreement with an
unlicensed real estate solicitor, a homeowner may nullify the agreement by delivering a written
rescission to the unlicensed real estate solicitor or the unlicensed real estate solicitor’s agent, if the disclosure does not satisfy the requirements of section 4 of this chapter.
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Terms Used In Indiana Code 32-21-16.5-6
- Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
- Rescission: The cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds being withheld must be made available for obligation.
- unlicensed real estate solicitor: refers to a person that does not have a valid real estate license under Indiana Code 32-21-16.5-3
(c) In addition to any other legal or administrative remedies available to an owner, a violation of this chapter is a deceptive act that may be enforced by the attorney general under IC 24-5-0.5-11.
As added by P.L.47-2024, SEC.3.
