<?xml version='1.0' encoding='utf-8'?>
<section article="ghs" article_name="Housing and Community Development" number="7-307" title_number="7" title_name="Assisted Housing Preservation Act" subtitle_number="3" subtitle_name="Rights and Duties">
  <text>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:</text>
  <level label="1">
    <text>a sale or conveyance of an assisted project or the real property associated with it, and:</text>
    <level label="i">
      <text>is a protected action; or</text>
    </level>
    <level label="ii">
      <text>occurred within 10 years after a protected action for which the owner failed to comply with this title; or</text>
    </level>
  </level>
  <level label="2">
    <text>a release of:</text>
    <level label="i">
      <text>a mortgage secured by an assisted project; or</text>
    </level>
    <level label="ii">
      <text>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.</text>
    </level>
  </level>
</section>
