Massachusetts General Laws ch. 255 sec. 12J – Actions for failure to disclose real property was insulated with urea formaldehyde foam prohibited
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Section 12J. No cause of action shall arise or be maintained against a seller, lessor, real estate broker or salesperson, lender or mortgagee of real property by statute or at common law, for failure to disclose to a buyer or tenant that the real property has been insulated with urea formaldehyde foam insulation.
Terms Used In Massachusetts General Laws ch. 255 sec. 12J
- Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Statute: A law passed by a legislature.