367.480 Administrative regulations.
85 words·~1 min read·
/ky/chapter-367/367-480A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Attorney General shall promulgate administrative regulations which will ensure an adequate disclosure to the purchaser of recreational and retirement use land the probable costs of any necessary maintenance of improvements of such land which may accrue in the future, or lease, mortgage, and similar financial payments, including but not limited to the costs of taxes, assessments, belonging to an association, costs of inflation, and repairs or improvements. Such disclosure shall be made both orally and in writing prior to the sale of such land.