Sales disclosure form; requirements of form
Sec. 5. The department of local government finance shall
prescribe a sales disclosure form for use under this chapter. The form
prescribed by the department of local government finance must
include at least the following information:
(1) The key number of the parcel (as defined in IC 6-1.1-1-8.5).
(2) Whether the entire parcel is being conveyed.
(3) The address of the property.
(4) The date of the execution of the form.
(5) The date the property was transferred.
(6) Whether the transfer includes an interest in land or
improvements, or both.
(7) Whether the transfer includes personal property.
(8) An estimate of any personal property included in the
transfer.
(9) The name, address, and telephone number of:
(A) each transferor and transferee; and
(B) the person that prepared the form.
(10) The mailing address to which the property tax bills or other
official correspondence should be sent.
(11) The ownership interest transferred.
(12) The classification of the property (as residential,
commercial, industrial, agricultural, vacant land, or other).
(13) The total price actually paid or required to be paid in
exchange for the conveyance, whether in terms of money,
property, a service, an agreement, or other consideration, but
excluding tax payments and payments for legal and other
services that are incidental to the conveyance.
(14) The terms of seller provided financing, such as interest
rate, points, type of loan, amount of loan, and amortization
period, and whether the borrower is personally liable for
repayment of the loan.
(15) Any family or business relationship existing between the
transferor and the transferee.
(16) Other information as required by the department of local
government finance to carry out this chapter.
If a form under this section includes the telephone number or the
Social Security number of a party, the telephone number or the
Social Security number is confidential.
As added by P.L.63-1993, SEC.1. Amended by P.L.90-2002, SEC.54;
P.L.64-2004, SEC.2; P.L.228-2005, SEC.18.
Last modified: May 28, 2006