Sarah receives the Indiana Seller's Residential Real Estate Sales Disclosure Form from the seller on a Monday morning. She reviews it and has concerns about some items listed. Under Indiana law, how many business days does Sarah have to rescind her offer based on receipt of this disclosure?
Correct Answer
A) 2 business days from receipt of the disclosure
Under IC 32-21-5, a buyer has 2 business days from receipt of the Indiana Seller's Residential Real Estate Sales Disclosure Form to rescind their offer. This rescission right is a key Indiana-specific protection that begins running from the moment the buyer receives the disclosure form.
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Related Topics & Key Terms
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