§ 58.19.185. Requiring purchaser to pay additional sum to construct, complete or maintain development
It shall be unlawful for the developer to sell a lot or parcel within a development if the terms of the sale require that the purchaser pay any sum in addition to the purchase price for constructing, completing, or maintaining improvements to the development unless the sums are to be paid directly to:
(1) A governmental agency;
(2) A person who is not affiliated with the developer, in trust, and on terms acceptable to the director; or
(3) An association comprised solely of persons who have purchased lots in the development, or their assignees.
The terms which require the payment of any additional sum shall be set forth in the public offering statement.
[1977 ex.s. c 252 § 1.]
Sections: Previous 58.19.030 58.19.045 58.19.055 58.19.120 58.19.130 58.19.140 58.19.180 58.19.185 58.19.190 58.19.265 58.19.270 58.19.280 58.19.300 58.19.920 58.19.940 NextLast modified: April 7, 2009