Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 24 - Housing and Urban Development |
Subtitle B - Regulations Relating to Housing and Urban Development |
Chapter X - Office of Assistant Secretary for Housing - Federal Housing Commissioner, Department of Housing and Urban Development (Interstate Land Sales Registration Program) |
Part 1715 - PURCHASERS' REVOCATION RIGHTS, SALES PRACTICES AND STANDARDS |
Subpart A - Purchasers' Revocation Rights |
§ 1715.1 - General.
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The purpose of this subpart A is to elaborate on the revocation rights in 15 U.S.C. 1703, by enumerating certain conditions under which purchasers may exercise revocation rights. Generally, whenever revocation rights are available, they apply to promissory notes, as well as traditional agreements.