§514A-104.5  Affidavit.  (a)  The
owner-occupant affidavit required by section 514A-104 shall expire after three
hundred sixty-five consecutive days have elapsed after the recordation of the
instrument conveying the apartment to the affiant.  The affidavit shall expire
prior to this period upon acquisition of title to the property by an
institutional lender or investor through mortgage foreclosure, foreclosure
under power of sale, or a conveyance in lieu of foreclosure.



(b)  The affidavit shall include statements by
the affiant affirming that the affiant shall notify the commission immediately
upon any decision to cease being an owner-occupant.



(c)  The affidavit shall be personally executed
by all the prospective owner-occupants of the residential apartment and shall
not be executed by an attorney-in-fact. [L 1992, c 50, pt of §1; am L 1993, c
217, §1; am L 1997, c 135, §15; am L 2000, c 210, §6]