§ 1710.8 - Scattered site subdivisions.

Latest Version
Updated Versions
- Tuesday, January 1, 2002
- Friday, June 13, 1980
Related Notices
- 98-27017. Final rule. 98-27017. Interstate Land Sales Registration Fees; Change in Mailing Address and Authority to Make Electronic Payment
- 96-7280. Final rule. 96-7280. Office of the Assistant Secretary for HousingFederal Housing Commissioner; Interstate Land Sales Registration Program; Streamlining Final Rule

Latest version.

(a) The sale of lots in a subdivision consisting of noncontiguous parts is exempt from the registration requirements of the Act if—
(1) Each noncontiguous part of the subdivision contains twenty or fewer lots; and
(2) Each purchaser or purchaser's spouse makes a personal, on-the-lot inspection of the lot purchased prior to signing a contract.
(b) For purposes of this exemption, interruptions such as roads, parks, small bodies of water or recreational facilities do not serve to break the contiguity of parts of a subdivision.
(c) The sale must also comply with the anti-fraud provisions of §1710.4 (b) and (c) of this part.

[45 FR 40479, June 13, 1980, as amended at 49 FR 31368, Aug. 6, 1984]

                    
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