A 5407 Resale Certificate is requested once your home has a buyer and prior to the date of closing. As set forth in the Pennsylvania Uniform Planned Community Act, the Association has 10 days from the date of request to provide the information and copies of documents required to comply with section 5407 of the Act.

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A 5407 Resale Certificate is requested once your home has a buyer, and prior to the date of closing. As set forth in the Pennsylvania Uniform Planned Community Act (Act 180). The Association has 10 days from the date a request is received to provide the information and copies of documents required to comply with section 5407 of the Act.

In accordance with Section 5407 of the Pennsylvania Planned Community Act, enclosed please find a certification statement, original and amended By-laws, Regulations and Easements pertaining to homes in the Quarry Ridge Community Association.

The 5407 package provides specific information concerning the association, including financial status, HOA documents and new member registration form. It also provides the settlement company with information concerning any funds due to the association by the current owner.

You can find the 5407 Certificate form at the following link: http://www.parealtor.org/clientuploads/Legal/LawsRegs/SampleResaleCertificate.pdf . The purpose of this is for disclosure to the potential buyer of issues that a buyer would find material in the buyer's decision as to whether or not to buy a house.

2017年6月1日 · Section 5407 of the Pennsylvania Uniform Planned Community Act (“the Act”) requires a Resale Certificate be requested once a home has a buyer and prior to the date of closing. As set forth in the Act, the HOA has ten (10) days from the date of request to provide the information and copies of documents required to comply with Section 5407.

1) The first is the actual resale certificate, which may also be called a closing statement, estoppel, dues statement, paid assessment letter, 3407 or 5407. The resale certificate is specific to the home being purchased.