about

Proposed New Disclosure Law

The California Legislature is currently considering SB652, which would amend Civil Code §1102.3b, and require additional disclosures by a seller.  The amendment would provide that a seller of any real estate who is required to prepare a Transfer Disclosure Statement must disclose all claims for damages made by the transferor pursuant to SB800 and the status of such claims.  SB800 is a statutory scheme set forth in Civil Code §895, et seq., which is directed to construction defects and lawsuits asserted against builders.

Both comments and pings are currently closed.

Comments are closed.