SC H4808

Legislative Description

Provide Certain Definitions Related To Transfer Fee Covenants, To State Certain Findings Related To Transfer Fee Covenants, To Provide A Transfer Fee Covenant Recorded After The Effective Date Of This Section, Or Any Lien To The Extent That It Purports To Secure The Payment Of A Transfer Fee, Is Not Binding On Or Enforceable Against The Affected Real Property Or Any Subsequent Owner, Purchaser, Or Mortgagee Of Any Interest In The Property, And To Provide The Section Does Not Imply That A Transfer Fee Covenant Recorded Before The Effective Date Of This Section Is Valid Or Enforceable.

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