(a) No person shall record or cause to be recorded an unfair service agreement or notice or memorandum thereof in this state.
(b) Any person who records or causes to be recorded an unfair service agreement or notice or memorandum thereof in this state shall be guilty of a misdemeanor.
(c) Notwithstanding the recording statute of this state, chapter 13 of this title, the city or town clerk in the recorder of deeds office may refuse to accept for recordation an unfair service agreement as defined herein.
(d) If an unfair service agreement is recorded in this state, it shall not provide actual or constructive notice against an otherwise bona fide purchaser or creditor.