Originally Posted By: gromicko
This post was automatically imported from our archived forum.
(September 8, 2004) – A new South Dakota law took effect July 1 that requires sellers to sign a separate disclosure statement regarding the use of the property for the production of the illegal drug methamphetamine, or meth.
"The process is cumbersome," says Michelle Kleven, executive vice president at the South Dakota Association of REALTORS?. Kleven says it has been difficult for real estate practitioners to explain to sellers why they have to sign two disclosure statements, one about the property's condition and another about the use of the property for meth production.
As a result, the association plans to revise its seller disclosure form so all items, including the meth disclosure, are included on the same document. Kleven expects the new form to be submitted for legislative approval in January 2005 and, if approved, to take effect July 1, 2005.
I much prefer email to private messages.