EFFECTIVE DATE OF NEW LEGISLATION Set forth below is a summary of new legislation regarding community associations. Unless otherwise indicated, these new laws went into effect on August 12, 2005 and will apply to both planned communities and condominiums. REVISIONS TO LANGUAGE ON RESALE DISCLOSURE STATEMENT In 2004, the legislature adopted a new law that required all purchasers of a resale lot/unit in an association to sign a statement, as a [...]
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