Sec. 42-103zz. Costs of delinquent assessment collection. Notice to purchaser.
124 words·~1 min read·
/ct/title-42/chapter-734b-time-shares/42-103zz·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Notwithstanding any provision of section 42-103yy or 36a-805 , any costs of collection, including reasonable collection agency fees and reasonable attorney's fees incurred in the collection of a delinquent assessment, shall be paid by the purchaser and shall be secured by a lien in favor of the managing entity upon the time share interest with respect to which the delinquent assessment has been incurred. In the event that the managing entity turns the matter over to a consumer collection agency, the managing entity shall advise the purchaser not later than sixty days prior to turning the matter over to the consumer collection agency that the purchaser may be liable for the fees of the consumer collection agency and that a lien may result therefrom.