1. (1) a sale or conveyance of an assisted project or the real property associated with it, and:

   1. (i) is a protected action; or
   2. (ii) occurred within 10 years after a protected action for which the owner failed to comply with this title; or

2. (2) a release of:

   1. (i) a mortgage secured by an assisted project; or
   2. (ii) a regulatory agreement or other document executed in connection with the mortgage that restricts the income levels of the tenants or the rental rates of the assisted project.

The person responsible for the closing of a real estate transaction shall file with the Department a written statement, made and signed by the owner under the penalties of perjury, that the transaction complies with this title, if the transaction includes:

Added by Acts 2005, c. 26, § 2, eff. Oct. 1, 2005.