70-20-505. Purpose of disclosure statement.
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/mt/title-70/chapter-20/part-5/70-20-505·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
70-20-505 . Purpose of disclosure statement.
(1)A disclosure statement as provided in 70-20-502 does not constitute a warranty of any kind by the seller or the real estate agent or other authorized representative of the seller.
(2)The disclosure statement must be considered a disclosure by the seller only and not the real estate agent or other authorized representative of the seller.
(3)The seller may not be responsible for misstatements or errors in a disclosure statement that are based on information a seller obtained from a reliable third-party, including a local governing agency.