16 CFR 460.16 – What new home sellers must tell new home buyers
Current as of: 2024 | Check for updates
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If you are a new home seller, you must put the following information in every sales contract: The type, thickness, and R-value of the insulation that will be installed in each part of the house. There is an exception to this rule. If the buyer signs a sales contract before you know what type of insulation will be put in the house, or if there is a change in the contract, you can give the buyer a receipt stating this information as soon as you find out.
Terms Used In 16 CFR 460.16
- Contract: A legal written agreement that becomes binding when signed.
