Sec. 8.5. (a) This section applies to all transfers of title to property after June 30, 2015. (b) The definitions in IC 32-25.5-2 apply in this section. (c) As used in this section, "property" refers to real property covered by the governing documents of a homeowners association. (d) As used in this section, "purchaser" refers to a person who purchases property. (e) The following must be provided by the seller to a purchaser not later than ten (10) days before the sale of the property closes: (1) A disclosure that the property is in a community governed by a homeowners association. (2) A copy of the recorded governing documents. (3) A statement indicating whether there are assessments and the amount of any assessments. (4) The following information about a board member, homeowners association agent, or other person who has a contract with the homeowners association to provide any management services for the homeowners association: (A) The name. (B) The business or home address. (f) A homeowners association or agent of a homeowners association providing a statement of unpaid assessments or other charges of the homeowners association relating to the property may charge not more than two hundred fifty dollars ($250) for the statement. (g) The failure to provide any of the documents listed in subsection (e) does not limit or prevent enforcement of the governing documents by the homeowners association.
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