The Committee on Banking and Insurance (Deutch) recommended the
(d) The authority to charge a fee for the certificate shall
be established by a written resolution adopted by the board or
provided by a written management, bookkeeping, or maintenance
contract and is payable upon the preparation of the certificate.
If the certificate is requested in conjunction with the sale or
mortgage of a unit but the closing does not occur and no later
than 30 days after the closing date for which the certificate was
sought the preparer receives a written request, accompanied by
reasonable documentation, that the sale did not occur from a
payer that is not the unit owner, the fee shall be refunded to
that payer within 30 days after receipt of the request. The
refund is the obligation of the unit owner, and the association
may collect it from that owner in the same manner as an
assessment as provided in this section.
4/4/2008 10:37:00 AM 30-06672-08