NMSA §47-16-12
—
Homeowner Association Act — Sale of Lots; Disclosure Certificate
Association must furnish disclosure certificate within 10 business days of written request. Certificate valid for 60 days. After 60 days, lot owner may request update; association must provide within 3 business days for fee not exceeding $50. Association may charge reasonable fees not exceeding $300 for certificate preparation, collected at closing.
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Disclosure
| Ref | Requirement |
|---|---|
| Within ten business days of a written request | |
| Association must furnish disclosure certificate within 10 business days of written request. | |
| Certificate valid for 60 days. |
Financial
| Ref | Requirement |
|---|---|
| Association may charge reasonable fees not exceeding $300 for certificate preparation, collected at closing. | |
| Reasonable fees not exceeding three hundred dollars | |
| After 60 days, lot owner may request update; association must provide within 3 business days for fee not exceeding $50. | |
| For a fee not to exceed fifty dollars |
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