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The Committee on Banking and Insurance (Deutch) recommended the

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following amendment:

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     Senate Amendment

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     Delete line(s) 635-645

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and insert:

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     (d) The authority to charge a fee for the certificate shall

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be established by a written resolution adopted by the board or

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provided by a written management, bookkeeping, or maintenance

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contract and is payable upon the preparation of the certificate.

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If the certificate is requested in conjunction with the sale or

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mortgage of a unit but the closing does not occur and no later

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than 30 days after the closing date for which the certificate was

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sought the preparer receives a written request, accompanied by

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reasonable documentation, that the sale did not occur from a

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payer that is not the unit owner, the fee shall be refunded to

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that payer within 30 days after receipt of the request. The

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refund is the obligation of the unit owner, and the association

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may collect it from that owner in the same manner as an

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assessment as provided in this section.

4/4/2008  10:37:00 AM     30-06672-08