(1) An owner shall be personally liable for all assessments imposed on the owner or assessed against the owner’s lot by the homeowners association.
(2)(a) Subject to paragraph (b) of this subsection, in a voluntary conveyance of a lot, the grantee shall be jointly and severally liable with the grantor for all unpaid assessments against the grantor of the lot to the time of the grant or conveyance, without prejudice to the grantee’s right to recover from the grantor the amounts paid by the grantee therefor.
(b) Upon request of an owner or owner’s agent, for the benefit of a prospective purchaser, the board of directors shall make and deliver a written statement of the unpaid assessments against the prospective grantor or the lot effective through a date specified in the statement, and the grantee in that case shall not be liable for any unpaid assessments against the grantor not included in the written statement.
(3) An escrow agent or a title insurance company providing escrow services or issuing title insurance in conjunction with the conveyance:
(a) May rely on a written statement of unpaid assessments delivered pursuant to this section; and
(b) Is not liable for a failure to pay the association at closing any amount in excess of the amount set forth in the written statement. [1999 c.677 §32; 2003 c.569 §18]Section: Previous 94.690 94.695 94.700 94.704 94.705 94.709 94.710 94.712 94.715 94.716 94.719 94.720 94.723 94.725 94.728 Next
Last modified: August 7, 2008