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Bill > SB0399


IN SB0399

IN SB0399
Information and disclosures concerning radon.


summary

Introduced
01/13/2025
In Committee
01/13/2025
Crossed Over
Passed
Dead
04/24/2025

Introduced Session

2025 Regular Session

Bill Summary

Information and disclosures concerning radon. Establishes that, before signing a purchase agreement to sell or transfer residential property, an individual or entity issued a broker's real estate license by the Indiana real estate commission representing a seller shall ensure that the seller: (1) provides a radon warning statement to the buyer; (2) discloses in writing to the buyer any knowledge the seller has of radon concentrations in the dwelling; and (3) provides the buyer with a guide on radon, testing, and mitigation published by the Indiana department of health.

AI Summary

This bill amends Indiana real estate law to require additional disclosures about radon when residential properties are being sold or transferred. Specifically, before signing a purchase agreement, a real estate broker representing a seller must ensure that the seller provides three key pieces of information to the buyer: (1) a warning statement from the Indiana Department of Health strongly recommending radon testing, which explains that radon is a Class A human carcinogen and the leading cause of lung cancer in nonsmokers; (2) a written disclosure of any known radon concentrations in the dwelling, including past test results, mitigation efforts, and details about any existing radon mitigation systems; and (3) a guide on radon testing and mitigation published by the Indiana Department of Health. These requirements apply to all types of residential real estate transfers, including sales, exchanges, leases with purchase options, and other transfers. The buyer must acknowledge receipt of these materials by signing a notification. The bill aims to increase awareness about the potential health risks of radon and ensure that homebuyers have comprehensive information about radon levels in a property before completing a purchase.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

First reading: referred to Committee on Commerce and Technology (on 01/13/2025)

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