Michigan Compiled Laws Act 92 Of 1993 Seller Disclosure Act (565.951 - 565.966)

• Section 565.951 Short Title.
  This act shall be known and may be cited as the “seller disclosure act”. History: 1993, Act 92, Eff. Jan. 10, 1994
• Section 565.952 Applicability Of Seller Disclosure Requirements.
  The seller disclosure requirements of sections 4 to 13 apply to the transfer of any interest in real estate consisting of not less than...
• Section 565.953 Seller Disclosure Requirements; Exceptions.
  The seller disclosure requirements of sections 4 to 13 do not apply to any of the following: (a) Transfers pursuant to court order, including,...
• Section 565.954 Written Statement; Delivery; Time Limits; Compliance; Terminating Purchase Agreement Within Certain Time Limits; Expiration Of Right To Terminate.
  (1) The transferor of any real property described in section 2 shall deliver to the transferor's agent or to the prospective transferee or the...
• Section 565.955 Liability For Error, Inaccuracy, Or Omission; Delivery As Compliance With Requirements Of Act; Conditions.
  (1) The transferor or his or her agent is not liable for any error, inaccuracy, or omission in any information delivered pursuant to this...
• Section 565.956 Disclosures; Inaccuracy As Result Of Action, Occurrence, Or Agreement After Delivery; Unknown Or Unavailable Information; Basis.
  If information disclosed in accordance with this act becomes inaccurate as a result of any action, occurrence, or agreement after the delivery of the...
• Section 565.957 Disclosure; Form.
  (1) The disclosures required by this act shall be made on the following form: SELLER'S DISCLOSURE STATEMENT Property Address: __________________________________________ Street _________________________________ Michigan City,...
• Section 565.958 Availability Of Copies.
  Copies of the form prescribed in section 7 shall be made available to the public by all real estate brokers and real estate salespersons....
• Section 565.959 Additional Disclosures.
  A city, township, or county may require disclosures in addition to those disclosures required by section 7, and may require disclosures on a different...
• Section 565.960 Disclosure; Good Faith.
  Each disclosure required by this act shall be made in good faith. For purposes of this act, “good faith” means honesty in fact in...
• Section 565.961 Other Obligations Created By Law Not Limited.
  The specification of items for disclosure in this act does not limit or abridge any obligation for disclosure created by any other provision of...
• Section 565.962 Disclosure; Amendment.
  Any disclosure made pursuant to this act may be amended in writing by the transferor, but the amendment is subject to section 4. History:...
• Section 565.963 Disclosure; Manner Of Delivery.
  Delivery of a disclosure statement required by this act shall be by personal delivery, facsimile delivery, or by registered mail to the prospective purchaser....
• Section 565.964 Transfer Not Invalidated By Noncompliance.
  A transfer subject to this act shall not be invalidated solely because of the failure of any person to comply with a provision of...
• Section 565.965 Liability Of Agent.
  An agent of a transferor shall not be liable for any violation of this act by a transferor unless any agent knowingly acts in...
• Section 565.966 Effective Date.
  This act shall take effect upon the expiration of 180 days after the date of its enactment. History: 1993, Act 92, Eff. Jan. 10,

Last modified: October 10, 2016