Page 1-line 2 After ";" insert "specifying requirements for effective private transfer fee obligations;".
Page 6-line 5 After "shall" delete balance of the line and insert "meet the following requirements and contain:
(i) A clearly identified disclosure of the existence and amount of the private transfer fee obligation;
(ii) A description of the type and nature of the private transfer fee obligation;
(iii) A description of the type and nature of any penalty which may be incurred as a result of failure to pay the private transfer fee obligation;
(iv) A legal description of the real property; and
(v) The name and address of the payee. A notice filed under this subsection shall be amended upon change of the name or address of the payee.".
Page 6-line 6 Delete entirely. GREEAR