Interstate Land Sales
The
Interstate Land Sales program protects consumers from fraud and abuse
in the sale or lease of land. In 1968 Congress enacted the Interstate
Land Sales Full Disclosure Act, which is patterned after the Securities
Law of 1933 and requires land developers to register subdivisions
of 100 or more non-exempt lots with HUD and to provide each purchaser
with a disclosure document called a Property Report. The Property
Report contains relevant information about the subdivision and must
be delivered to each purchaser before the signing of the contract
or agreement.
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Interstate Land Sales Topics:
If
you need more information about the act, or whether it applies to
your situation or not, please e-mail us:
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Equal Housing Opportunity