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2012 Proposed Rule & Regulation Amendments

The Commission will be holding a public hearing on changes to the Seller Property Condition Disclosure Statement (“SPCD”, Title 302, Chapter 1) on March 15th, 2012.  Changes to the SPCD include adding more specificity to questions about appliances and other items that may or may not be sold with the property, getting rid of certain logical inconsistencies such as “age of roof (if known)” followed by spaces for a yes or no answer, and changing the format from a two page legal, to a four page letter sized document and increasing the font size.