Sec. 11. 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) 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

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Terms Used In Indiana Code 32-21-5-11

  • buyer: means a transferee in a transaction described in section 1 of this chapter. See Indiana Code 32-21-5-2
  • owner: means the owner of residential real estate that is for sale, exchange, lease with an option to buy, or sale under an installment contract. See Indiana Code 32-21-5-6
(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.

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