HB0025H2001

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