§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]