Sec. 4. As used in connection with disclosure forms required by this chapter, "defect" means a condition that would have a significant adverse effect on the value of the property, that would significantly impair the health or safety of future occupants of the property, or that if not repaired, removed, or replaced would significantly shorten or adversely affect the expected normal life of the premises.
[Pre-2002 Recodification Citation: 24-4.6-2-4.]
As added by P.L.2-2002, SEC.6.
Structure Indiana Code
Article 21. Conveyance Procedures for Real Property
Chapter 5. Residential Real Estate Sales Disclosure
32-21-5-1. Applicability of Chapter
32-21-5-5. "Disclosure Form" Defined
32-21-5-7. Disclosure Form; Contents
32-21-5-8. Owner Prepared Disclosure Form
32-21-5-9. Disclosure Form Distinguished From Warranty
32-21-5-10. Disclosure Form; Presentation Required Before Acceptance of Offer