2023 -- H 5366
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LC000807
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S TATE OF RHODE IS LAND
IN GENERAL ASSEMBLY
JANUARY SESSION, A.D. 2023
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A N A C T
RELATING TO BUSINESSES AND PROFESSIONS -- REAL ESTATE SALES
DISCLOSURES
Introduced By: Representatives Baginski, Solomon, Finkelman, Dawson, and J. Brien
Date Introduced: February 03, 2023
Referred To: House Judiciary
It is enacted by the General Assembly as follows:
SECTION 1. Section 5-20.8-5 of the General Laws in Chapter 5-20.8 entitled "Real Estate 1
Sales Disclosures" is hereby amended to read as follows: 2
5-20.8-5. Real estate disclosure form acknowledgement — Inclusion in real estate 3
sales agreements — Penalty for violation. 4
(a) Every agreement for the purchase and sale of residential real estate located in the state 5
shall contain an acknowledgement that a completed real estate disclosure form has been provided 6
to the buyer by the seller. 7
(b) Failure to provide the seller disclosure form to the buyer does not void the agreement 8
nor create any defect in title. Each violation of this statute by the seller or his or her agent is subject 9
to a maximum civil penalty in the amount of one hundred thousand dollars ($100 1,000) per 10
occurrence. 11
SECTION 2. This act shall take effect upon passage. 12
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LC000807
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LC000807 - Page 2 of 2
EXPLANATION
BY THE LEGISLATIVE COUNCIL
OF
A N A C T
RELATING TO BUSINESSES AND PROFESSIONS -- REAL ESTATE SALES
DISCLOSURES
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This act would increase the civil penalty from one hundred dollars ($100) to a maximum 1
of one thousand dollars ($1,000), whenever a seller or their real estate agent fails to provide a 2
completed seller disclosure form to the buyer. 3
This act would take effect upon passage. 4
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LC000807
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