§ 27-32-340 — Certificate of compliance; contents; recording; reliance on lienholder for facts and circumstances of default.

South Carolina § 27-32-340

• Jurisdiction: South Carolina
• Title 27: PROPERTY AND CONVEYANCES
• Ch. 32: VACATION TIME SHARING PLANS

Text

(A) On the date the trustee conducts a sale, the trustee must execute a duly acknowledged certificate of compliance and must record the certificate of compliance in the public records of the county in which the timeshare estate is located. (B) In the certificate of compliance, the trustee must: (1) set forth the manner of delivery of the notice of default and intent to sell under Section 27-32-330 with the required affidavit, state that the notice contained the conspicuous language required by Section 27-32-325, state that the default was not cured and the timeshare estate was not redeemed, and state that the trustee did not receive any written objection within the period required under Section 27-32-325. (2) confirm that the notice of sale was published as required by subsection (D) of Section 27-32-335 and attach an affidavit of publication for the notice of sale. (3) confirm that the notice of sale was mailed pursuant to Section 27-32-335 together with a list of the parties to whom the notice of sale was mailed and the address used for each party. (C) In furtherance of the execution and recording of the certificate of compliance required pursuant to this section, the trustee is entitled to rely upon an affidavit or certification from the lienholder as to the facts and circumstances of default and failure to curb the default.

Legislative History

HISTORY: 2000 Act No. 262, SECTION 1.