Section 43-4-55 - Effect of failure to provide written statement of private transfer fee payable within thirty days of request

43-4-55. Effect of failure to provide written statement of private transfer fee payable within thirty days of request.If the payee fails to provide a written statement of the transfer fee payable within thirty days of the date of a written request for such statement sent to the address shown in the notice of transfer fee, the grantor, on recording of the affidavit required under §43-4-56, may convey any interest in the real property to any grantee without payment of the transfer fee and is not subject to any further obligation under the private transfer fee obligation. In such event the real property shall be conveyed free and clear of the transfer fee and private transfer fee obligation. Source: SL 2011, ch 196, §10.