Mississippi Stored Value Product Agreement and Disclosures
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How to fill out Stored Value Product Agreement And Disclosures?
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FAQ
Foreclosure or bankruptcy sales: Properties sold through foreclosure or bankruptcy proceedings may be exempt from disclosure requirements in some areas. Transfers due to divorce or separation: Property transfers between divorcing or separated spouses may be exempt from disclosure requirements in certain cases.
Mississippi Death Disclosure Mississippi law does not require disclosure of death on a property. The state specifically list natural death, suicide, homicide, or felony crime as examples of excluded facts from disclosure.
Sellers must make disclosure about any material defects and condition of the residential property in the Property Condition Disclosure Statement. Moreover, the sellers must fill the form in good faith and in their best knowledge. Sellers can be held liable if they misrepresent on the Disclosure Statement.
Additionally, they must disclose to a prospective buyer all material facts that may affect value, desirability, and intended use of the property. [CC §2079]. The required certification of the visual inspection is contained in the .
To add further confusion, some non-disclosure states may have counties that are full disclosure. The current list of non-disclosure states includes Alaska, Idaho, Kansas, Louisiana, Mississippi, Missouri (some counties), Montana, New Mexico, North Dakota, Texas, Utah, and Wyoming.
§ 31-7-13. All agencies and governing authorities shall purchase their commodities and printing; contract for garbage collection or disposal; contract for solid waste collection or disposal: contract for sewage collection or disposal; contract for public construction; and contract for rentals as herein provided.