Statute 66-1228: Same; disclosures required on sale of new
residence.
(a) Except as provided by subsection (b), the person building
or selling a previously unoccupied new
residential structure
which is a single family or multifamily unit of four units or less
shall disclose to the buyer or a
prospective buyer,
prior to the signing of the contract to purchase and
prior to closing
if changes have occurred or are requested,
and at any other time upon request,
information
regarding the
energy efficiency of the structure.
For new residential structures that are completed and suitable for
occupancy,
but unsold, the completed disclosure form shall be made available to the buyer
or a
prospective buyer by the builder or seller when the residence is shown and at
any other time upon request. The disclosure shall be made
on a form prepared and
disseminated by the
state corporation commission, which form shall be substantially as follows:
(b) If a
structure is subject to both the national manufactured
housing construction and safety standards act (42 U.S.C. 5403) and the federal
trade commission regulation on labeling and advertising of home insulation, 16
CFR section 460.16, both as in effect on the effective date of this act, the
builder or seller may disclose, instead of the information required by
subsection (a), the information regarding such structure that is required to be
disclosed pursuant to such federal act
and regulation.
History: L. 1997, ch. 132, § 18;
L. 2003, ch. 86, § 2;
L. 2007, ch. 100, § 2; July 1.