A. In the event of a resale of a timeshare by a timeshare owner other than a developer, the seller shall furnish to the purchaser before execution of any contract for the sale or otherwise, or otherwise before the transfer of title, a copy of the timeshare instrument (other than any plats and plans) and a certificate containing:
1. A statement disclosing the effect on the proposed transfer of any right of first refusal or other restraint on transfer of the timeshare or any portion thereof;
2. A statement setting forth the amount of the periodic timeshare expense liability and any unpaid timeshare expense or special assessment or other sums currently due and payable from the seller;
3. A statement of any other fees payable by timeshare owners;
4. A statement of any judgment or any other matters that are or may become liens against the timeshare or the timeshare unit and the status of any pending suits that may result in such liens.
B. The managing entity, within ten (10) days after a request by a timeshare owner, shall furnish a certificate containing the information necessary to enable the timeshare owner to comply with this section. A timeshare owner providing a certificate pursuant to subsection A above is not liable to the purchaser for any erroneous information provided by the managing entity and included in the certificate other than for judgment liens against the timeshare or the timeshare unit. (1990 Code)