Indiana License Law
Indiana requires licensees to disclose material latent defects. A latent defect is one that is:
AVisible and obvious to any buyer
BHidden and not readily discoverable through a reasonable inspection✓ Correct
COnly related to the foundation
DOnly environmental in nature
Explanation
A latent defect is a hidden defect that is not discoverable through a reasonable inspection — unlike a patent (obvious) defect that a buyer could see. Known latent defects must be disclosed by sellers and their agents.
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