reglab/housing_qa huggingface dataset:
RI Gen L § 5-20.8-4 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.8 - Real Estate Sales Disclosures|Section 5-20.8-4 - Buyer's rights to inspection.

§ 5-20.8-4. Buyer's rights to inspection.(a) Every contract for the purchase and sale of real estate shall provide that a potential purchaser or potential purchasers shall be permitted a ten-day (10) period, exclusive of Saturdays, Sundays, and holidays, to conduct inspections of the property and any structures thereon before the purchaser(s) becomes obligated under the contract to purchase. The parties have the right to mutually agree upon a different period of time; provided, a potential purchaser may waive this right to inspection in writing.(b) Failure to include the provision required in subsection (a) in the purchase and sale agreement for real estate does not create any defect in title.(c) Failure to include in the purchase and sale agreement the provision required in subsection (a) shall entitle the purchaser to void the purchase and sale agreement by providing notice, in writing, to the seller prior to the transfer of the title at a closing.History of Section.P.L. 1992, ch. 425, § 1; P.L. 2012, ch. 375, § 1; P.L. 2012, ch. 394, § 1.
RI Gen L § 5-20.8-5 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.8 - Real Estate Sales Disclosures|Section 5-20.8-5 - Real estate disclosure form acknowledgement - Inclusion in real estate sales agreements - Penalty for violation.

§ 5-20.8-5. Real estate disclosure form acknowledgement — Inclusion in real estate sales agreements — Penalty for violation.(a) Every agreement for the purchase and sale of residential real estate located in the state shall contain an acknowledgement that a completed real estate disclosure form has been provided to the buyer by the seller.(b) Failure to provide the seller disclosure form to the buyer does not void the agreement nor create any defect in title. Each violation of this statute by the seller or his or her agent is subject to a civil penalty in the amount of one hundred dollars ($100) per occurrence.History of Section.P.L. 1992, ch. 425, § 1.
RI Gen L § 5-20.8-6 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.8 - Real Estate Sales Disclosures|Section 5-20.8-6 - Disclosure of psychologically impacted property.

§ 5-20.8-6. Disclosure of psychologically impacted property.(a) The fact or suspicion that real property may be or is psychologically impacted is not a material fact requiring disclosure in any real estate transaction. "Psychologically impacted" means an impact being the result of facts or suspicions including, but not limited to, the following:(1) That an occupant of real property is now or has been suspected to be infected or is infected or has been infected with Human Immunodeficiency Virus or diagnosed with Acquired Immune Deficiency Syndrome, or any other disease that has been determined by medical evidence to be highly unlikely to be transmitted through the occupying of a dwelling place; or(2) That the real property was or has been, at any time, suspected of being the site of a homicide, other felony, or suicide.(b) (1) No cause of action shall arise against the seller of the real property or his or her agent for failure to disclose to the buyer that the real property was psychologically impacted as defined in this chapter.(2) Under no circumstances shall this provision be interpreted as or used as authorization for an agent or seller to make any misrepresentation of fact or false statement.History of Section.P.L. 1992, ch. 425, § 1.
RI Gen L § 5-20.8-7 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.8 - Real Estate Sales Disclosures|Section 5-20.8-7 - Public agency notification.

§ 5-20.8-7. Public agency notification.Any information required to be disclosed by this chapter to a prospective buyer by a public agency is deemed to comply with the requirements of this chapter and relieves the seller or agent of any further duty under this chapter as to that item of information.History of Section.P.L. 1992, ch. 425, § 1.
RI Gen L § 5-20.8-8 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.8 - Real Estate Sales Disclosures|Section 5-20.8-8 - Expert report.

§ 5-20.8-8. Expert report.(a) The delivery of a report or opinion prepared by an engineer, land surveyor, geologist, home inspector, pest control operator, contractor, or other expert, dealing with matters within the scope of the professional's license or expertise, is sufficient compliance to qualify for the exemption provided by § 5-20.8-9. An expert may indicate, in writing, that the information provided will be used in fulfilling the requirements of this section.(b) A home inspector, pest control operator, or contractor who has provided and/or prepared a report or opinion per subsection (a) may not solicit, in writing or otherwise, to perform work on the property that has been the subject of the inspection to either a buyer or seller who has executed a purchase and sale agreement for the sale/transfer of the property. Nothing in this section restricts a buyer or seller from contacting the home inspector, pest control operator, or contractor for this work to be performed. Nothing in this section restricts the solicitation of work by that home inspector, pest control operator or contractor after the closing on the property as defined in § 5-20.8-1.History of Section.P.L. 1992, ch. 425, § 1; P.L. 1996, ch. 408, § 1.
RI Gen L § 5-20.8-9 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.8 - Real Estate Sales Disclosures|Section 5-20.8-9 - Seller and agent liability.

§ 5-20.8-9. Seller and agent liability.Neither the seller nor agent is liable for any error, inaccuracy, or omission of any information delivered pursuant to this chapter if the error, inaccuracy, or omission was not within the personal knowledge of the seller or agent; was based on information timely provided pursuant to §§ 5-20.8-7 and 5-20.8-8; and ordinary care was exercised in obtaining and transmitting it.History of Section.P.L. 1992, ch. 425, § 1.
RI Gen L § 5-20.8-10 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.8 - Real Estate Sales Disclosures|Section 5-20.8-10 - Subsequent acts.

§ 5-20.8-10. Subsequent acts.If information disclosed in accordance with this chapter is subsequently rendered inaccurate as a result of any act, passage of time, occurrence, or agreement subsequent to the delivery of the required disclosures, the resulting inaccuracy does not constitute a violation of this chapter. If at the time the disclosures are required to be made, an item of information required to be disclosed is unknown or not available to the seller, the seller shall so state and may use an approximation in responding.History of Section.P.L. 1992, ch. 425, § 1.
RI Gen L § 5-20.8-11 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.8 - Real Estate Sales Disclosures|Section 5-20.8-11 - Lead inspection requirement.

§ 5-20.8-11. Lead inspection requirement.(a) Every contract for the purchase and sale of residential real estate (1-4 family)-built prior to 1978 located in the state shall provide that potential purchasers be permitted a ten-day (10) period, unless the parties mutually agree upon a different period of time, to conduct a risk assessment or inspection for the presence of lead exposure hazards before becoming obligated under the contract to purchase.(b) Failure to include the provision required in subsection (a) in the purchase and sale agreement for residential real estate does not create any defect in title; provided, that each violation of this section by the seller or his or her agent is subject to a civil penalty of not less than one hundred dollars ($100) nor more than five hundred dollars ($500).(c) Failure to provide inspection results and/or educational materials pursuant to department regulations required by § 23-24.6-16(a) does not create any defect in title; provided, that each violation of this section by the seller or his or her agent is subject to a civil penalty of not less than one hundred dollars ($100) nor more than five hundred dollars ($500).(d) Failure to include the purchase and sale agreement provision required in subsection (a); failure to provide inspection results pursuant to § 23-24.6-16(a); or inspection results that show a lead exposure hazard as defined at § 23-24.6-4(12) entitles the purchaser to void the purchase and sale agreement by providing notice, in writing, to the seller prior to the transfer of the title at closing.History of Section.P.L. 1994, ch. 389, § 2.
RI Gen L § 5-20.8-12 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.8 - Real Estate Sales Disclosures|Section 5-20.8-12 - Private well testing requirement.

§ 5-20.8-12. Private well testing requirement.(a) Every contract for the purchase and sale of real estate located in the state, and which is served by a private water supply (well), shall provide that potential purchasers shall be permitted a ten-day (10) period, unless the parties mutually agree upon a different period of time, to conduct the testing pursuant to department regulations required by § 23-1-5.3 before becoming obligated under the contract to purchase. The test results may be provided by the seller pursuant to the standards in the regulations.(b) Failure to include the provision required in subsection (a) in the purchase and sale agreement for real estate does not create any defect in title.(c) Failure to provide the results of any previous testing of a private water supply (well) servicing the property does not create any defect in title.(d) Failure to include the purchase and sale agreement provision required in subsection (a); failure to provide previous testing results of a private water supply (well) servicing the property; or testing results that show a contaminant level or levels in excess of those established by department regulation pursuant to § 23-1-5.3 entitles the purchaser to void the purchase and sale agreement by providing notice, in writing, to the seller prior to the transfer of the title at the closing.(e) The prospective buyer shall pay for the collection and analysis of the water samples and a qualified opinion relating to the portability of the water, unless otherwise agreed in writing.History of Section.P.L. 2002, ch. 161, § 3; P.L. 2002, ch. 162, § 3.
RI Gen L § 5-20.8-13 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.8 - Real Estate Sales Disclosures|Section 5-20.8-13 - Cesspool inspection requirement.

§ 5-20.8-13. Cesspool inspection requirement.(a) Every contract for the purchase and sale of real estate that is or may be served by a private cesspool, shall provide that potential purchasers be permitted a ten-day (10) period, unless the parties mutually agree upon a different period of time, to conduct an inspection of a property's on-site sewage system, before becoming obligated under the contract to purchase, to determine if a cesspool exists, and if so, whether it will be subject to the phase-out requirements as established in chapter 19.15 of title 23.(b) Failure to include the provision required in subsection (a) in the purchase and sale agreement for real estate does not create any defect in title.(c) Failure to provide the results of any previous inspection of a cesspool servicing the property does not create any defect in title.(d) Failure to include the purchase and sale agreement provision required in subsection (a) or failure to provide previous inspection results of a cesspool servicing the property entitles the purchaser to void the purchase and sale agreement by providing notice in writing to the seller prior to the transfer of the title at closing.History of Section.P.L. 2007, ch. 136, § 3; P.L. 2007, ch. 233, § 3.
RI Gen L § 5-20.9-1 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.9 - Real Estate Appraisal Management Company Registration Act|Section 5-20.9-1 - Legislative purpose.

§ 5-20.9-1. Legislative purpose.This legislation provides the department with the statutory authority to develop and implement registration requirements for appraisal management companies ("AMCs") in connection with valuing properties collateralizing mortgage loans or mortgages incorporated into a securitization or any external third party authorized either by a creditor of a consumer credit transaction secured by a consumer's principal dwelling or by an underwriter of or other principal in the secondary mortgage markets operating in this state as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act.History of Section.P.L. 2017, ch. 14, § 1; P.L. 2017, ch. 26, § 1.
RI Gen L § 5-20.9-3 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.9 - Real Estate Appraisal Management Company Registration Act|Section 5-20.9-3 - Registration required for appraisal management companies.

§ 5-20.9-3. Registration required for appraisal management companies.(a) It shall be unlawful for any person or entity to act as a real estate appraisal management company, or to directly or indirectly engage in the business of real estate appraisal management in this state, or to advertise or hold himself, herself, or itself out as engaging in the business of real estate appraisal management in this state, without first registering with the department under the provisions of this chapter.(b) A partnership, limited-liability partnership, limited-liability company, or corporation that acts as an appraisal management company shall register with the department and shall renew the registrations of its members, officers, and directors for each registration period.(c) However, this chapter shall not be applicable to:(1) An agency of the federal government or any state or municipal government;(2) An appraisal management company that is a subsidiary owned and controlled by a financial institution regulated by a federal financial institution regulatory agency, provided the appraisal management company is in compliance with § 1124 of the federal Financial Institutions Reform, Recovery and Enforcement Act of 1989, 12 U.S.C. § 3353, and any rules promulgated pursuant to the authority granted in said § 1124;(3) Any domestic corporation, partnership, sole proprietorship, subsidiary, unit, or other domestic business entity that exclusively employs persons in employer-employee relationships to perform residential real estate appraisal services in accordance with USPAP in the normal course of its business;(4) Any individual, corporation, partnership, sole proprietorship, subsidiary, unit, or other business entity who or that in the normal course of business enters into an agreement, whether written or otherwise, with an independent fee appraiser for the performance of residential real estate appraisal services shall, upon the completion of the appraisal, cosign the report with the independent fee appraiser with whom it or the individual subcontracted for the performance of the residential real estate appraisal service.History of Section.P.L. 2017, ch. 14, § 1; P.L. 2017, ch. 26, § 1.
RI Gen L § 5-20.9-5 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.9 - Real Estate Appraisal Management Company Registration Act|Section 5-20.9-5 - Consent to service of process.

§ 5-20.9-5. Consent to service of process.Every applicant for registration under this chapter who or that is not a resident of this state shall submit with the application an irrevocable consent that service of process in any action against the applicant arising out of the applicant's activities as an appraisal management company may be made by delivery of the process on the director. In addition, each application for registration must submit the name and address of its registered agent that is located in this state.History of Section.P.L. 2017, ch. 14, § 1; P.L. 2017, ch. 26, § 1.
RI Gen L § 5-20.9-6 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.9 - Real Estate Appraisal Management Company Registration Act|Section 5-20.9-6 - Retention of records.

§ 5-20.9-6. Retention of records.(a) Each appraisal management company shall maintain for five (5) years all business records, either in electronic or paper format, relating to each request for an appraisal service that the appraisal management company has received and to the appraiser who performs the appraisal service for the appraisal management company.(b) The department may inspect these records periodically without prior notice and may also inspect these records whenever the department determines that they are pertinent to an investigation of any specific complaint against an appraisal management company.(c) Each appraisal management company must notify the department in writing of any change of business name or address within ten (10) calendar days.History of Section.P.L. 2017, ch. 14, § 1; P.L. 2017, ch. 26, § 1.
RI Gen L § 5-20.9-7 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.9 - Real Estate Appraisal Management Company Registration Act|Section 5-20.9-7 - Initial registration, renewals, forms, and fees.

§ 5-20.9-7. Initial registration, renewals, forms, and fees.(a) An applicant for registration as an appraisal management company shall submit to the department an application on forms prescribed by the department and pay the required fee(s).(b) The fees for initial registration, renewal, and late renewals shall be determined by the director and established by regulation.(c) There is hereby created a restricted-receipt account within the general fund of the state to be known as the appraisal management company — registration account. Fees collected pursuant to this section shall be deposited into this account and be used to finance costs associated with appraisal management company registration and operations. The restricted receipt account will be included in the budget of the department of business regulation.(d) Every appraisal management company that desires to renew a registration for the next term shall apply for the renewal of the registration upon a form furnished by the director and containing information that is required by this chapter. Renewal of a registration is subject to the same provisions as the initial registration.(e) The department shall receive applications for registration for initial licensing and renewal and establish administrative procedures for processing applications and issuing and renewing registrations.(f) The department shall have the authority to assess and collect from registered entities, the appraisal management companies (AMC) federal registry fee in any amount assessed by the appraisal subcommittee of the Federal Financial Institutions Examination Council or its successor entity, and transmit the fee to the Federal Financial Institutions Examination Council.(g) A federally regulated appraisal management company operating in this state shall report to the department any information necessary for the department to assess, collect, and forward the AMC federal registry fee in any amount assessed by the appraisal subcommittee of the Federal Financial Institutions Examination Council or its successor entity.History of Section.P.L. 2017, ch. 14, § 1; P.L. 2017, ch. 26, § 1; P.L. 2019, ch. 88, art. 2, § 2.
RI Gen L § 5-20.9-8 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.9 - Real Estate Appraisal Management Company Registration Act|Section 5-20.9-8 - Expiration of registration.

§ 5-20.9-8. Expiration of registration.A registration granted by the department pursuant to this chapter shall be valid for two (2) years from the date on which it is issued.History of Section.P.L. 2017, ch. 14, § 1; P.L. 2017, ch. 26, § 1.
RI Gen L § 5-20.9-9 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.9 - Real Estate Appraisal Management Company Registration Act|Section 5-20.9-9 - Grounds for denial, suspension, or revocation of registration - Fines and penalties.

§ 5-20.9-9. Grounds for denial, suspension, or revocation of registration — Fines and penalties.(a) The department may deny, censure, suspend, or revoke a registration of an appraisal management company issued under this chapter, levy fines or impose civil penalties not to exceed five thousand dollars ($5,000) per violation, if in the opinion of the department, an appraisal management company is attempting to perform, has performed, or has attempted to perform any of the following acts:(1) The appraisal management company has filed an application for registration that, as of its effective date or as of any date after filing, contained any statement that, in light of the circumstances under which it was made, is false or misleading with respect to any material fact;(2) The appraisal management company has violated or failed to comply with any provision of this chapter, or any rule adopted by the department;(3) The appraisal management company is permanently or temporarily enjoined by any court of competent jurisdiction from engaging in or continuing any conduct or practice involving any aspect of the real estate appraisal management business;(4) The appraisal management company or a controlling person thereof is the subject of an order of the department or any other state appraiser regulatory agency denying, suspending, or revoking that person's license as a real estate appraiser;(5) The appraisal management company acted as an appraisal management company while not properly registered with the department;(6) The appraisal management company has failed to pay the proper filing or renewal fee under this chapter;(7) The appraisal management company has demonstrated incompetence, untrustworthiness, or conduct or practices that render the applicant unfit to perform appraisal management services; or(8) The appraisal management company has committed any of the prohibited practices set forth in this chapter or in the department's regulations.(b) The department shall provide written notice of the denial, suspension, or revocation of a registration under this chapter. Any party aggrieved by the department's decision regarding registration issuance or renewal may, within ten (10) days of the decision, appeal the matter to the director by submitting a written request for a formal hearing to be conducted in accordance with the provisions of § 5-20.9-17.History of Section.P.L. 2017, ch. 14, § 1; P.L. 2017, ch. 26, § 1.
RI Gen L § 5-20.9-10 (2021)
2021 Rhode Island General Laws|Title 5 - Businesses and Professions|Chapter 5-20.9 - Real Estate Appraisal Management Company Registration Act|Section 5-20.9-10 - Owner requirements.

§ 5-20.9-10. Owner requirements.(a) An appraisal management company applying for a registration in this state may not be owned or controlled by a person if such person has had a license or certification to act as an appraiser denied or revoked in this state or in any other state, or who is not of good moral character as determined by the director.(b) Each owner or controlling person of an appraisal management company in this state shall certify to the department that such person has never had a license to act as an appraiser denied, suspended, or revoked in this state or in any other state.History of Section.P.L. 2017, ch. 14, § 1; P.L. 2017, ch. 26, § 1.