Section 105.1 – Information required before sale to independent third party.

• (1) Before the sale of any lot under the jurisdiction of an association to an independent third party, the grantor shall provide to the independent third party:
  • (a) a copy of the association’s recorded governing documents; and
  • (b) a link or other access point to the department’s educational materials described in Subsection 57-8a-105(6).

• (2) The grantor shall provide the information described in Subsection (1) before closing.

• (3) The association shall, upon request by the grantor, provide to the grantor the information described in Subsection (1).

• (4) This section applies to each association, regardless of when the association is formed.

Enacted by Chapter 75, 2020 General Session