RTA · Condominium Property Act
78.1 Undertakings Developer's undertakings
RSA 2000
(a) the Director is of the opinion that a developer or the interim
board has contravened this Act or the regulations, and
(b) the Director is satisfied that the developer has ceased the
contravention,
the developer may enter into an undertaking with the Director in
the form and containing the provisions that the Director, on
negotiation with the developer, considers proper.
(2) Without limiting subsection (1), an undertaking may include
any of the following specific undertakings:
(a) to stop engaging in a practice or to change a practice
described in the undertaking;
(b) to provide compensation to anyone who has suffered a loss;
(c) to publicize the undertaking or the action being taken;
(d) to pay the costs of investigating the developer's activities
and any costs associated with the undertaking.
(3) The Director must maintain a public record of all undertakings
entered into under this section.
2014 c10 s53;2024 c20 s1(38)