§508D-4  Prohibitions on sales of
residential real property.  Except as provided in section 508D-3, no seller
may sell residential real property unless:



(1)  Prior to the sale of such residential real
property, a disclosure statement is:



(A)  Signed and dated by the seller within six
months before or ten calendar days after the acceptance of a real estate
purchase contract by the buyer; and



(B)  Delivered to the buyer as provided in
section 508D-5;



(2)  The buyer acknowledges receipt of the disclosure
statement on the real estate purchase contract or in any addendum attached to
the contract, or in a separate document; and



(3)  The buyer is afforded the opportunity to examine
the disclosure statement as provided in section 508D-5. [L 1994, c 214, pt of
§2; am L 1996, c 161, §4]