This title does not apply to a common interest community located outside this state, but sections 4-102 and 4-103, and to the extent applicable, sections 4-104 through 4-106 of this title, apply to a contract for the disposition of a unit in a common interest community signed in this state by any party unless exempt under subsection 4-101(b) of this title. (Added 1997, No. 104 (Adj. Sess.), § 3, eff. Jan. 1, 1999; 2009, No. 155 (Adj. Sess.), § 11, eff. Jan. 1, 2012.)