§ 39A-4. Applicability; interpretation.
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§ 39A-4. Applicability; interpretation.
(a)This Chapter applies to
(i)any transfer fee covenant that is recorded after July 1, 2010;
(ii)any lien that is filed to enforce a transfer fee covenant that is recorded after July 1, 2010, or purports to secure payment of a transfer fee that is recorded after July 1, 2010; and
(iii)any agreement imposing a private transfer fee obligation entered into after July 1, 2010.
(b)Nothing in this Chapter shall be interpreted to mean that a transfer fee covenant recorded prior to July 1, 2010, is valid or enforceable. (2010-32, s. 2; 2015-264, s. 28(a), (b).)