(a) At least 60 days prior to the effective date of dissolution, the housing company shall submit an affidavit to the division certifying that each person on the waiting list for apartments in the housing development has been advised in writing of the proposed dissolution and whether or not the waiting list will continue to be utilized.

(b) The housing company shall simultaneously certify to the division whether a processing charge had been levied against each applicant for such waiting list and, if so, when such processing charge was returned to the waiting list applicant.