§ 1-43. Real property purchaser – Retention of abstract.

A purchaser of real property shall have the opportunity to retain possession of the abstract for the property being purchased.  The purchaser shall be notified about the option to retain possession at the scheduled closing; however, if a contractual obligation to a mortgage company requires retention of the abstract by that mortgage company, then the purchaser shall have an opportunity to take possession of the abstract upon complete performance of the contractual obligations.

Added by Laws 2002, c. 36, § 1, eff. Nov. 1, 2002.  Renumbered from Title 74, § 227.30 by Laws 2007, c. 359, § 22, eff. Jan. 1, 2008.