Minn. Stat. § 326B.875

Current through Register Vol. 49, No. 8, August 19, 2024

Section 326B.875 - DISCLOSURES

If a licensee sells or offers to sell residential property, constructed by the licensee, which is or has been occupied by the licensee, the licensee must, prior to entering into a binding purchase agreement, provide to the buyer a written disclosure which states that any claims that arise as a result of the licensee's construction of the property:

(1) will not be covered under the statutory warranty established by chapter 327A, and

(2) if the licensee has occupied the residential property for one year or more, will not be eligible for reimbursement from the contractor's recovery fund.

Minn. Stat. § 326B.875

1993 c 245 s 33; 2007 c 140 art 8 s 30; art 13 s 4