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Title 15 — Commerce and Trade

Chapter 42 — Interstate Land Sales

§ 1707. Property report

Statutory text

(a)

Contents of report

A property report relating to the lots in a subdivision shall contain such of the information contained in the statement of record, and any amendments thereto, as the Director may deem necessary, but need not include the documents referred to in paragraphs (7) to (11), inclusive, of section 1705 of this title. A property report shall also contain such other information as the Director may by rules or regulations require as being necessary or appropriate in the public interest or for the protection of purchasers.

(b)

Promotional use

The property report shall not be used for any promotional purposes before the statement of record becomes effective and then only if it is used in its entirety. No person may advertise or represent that the Director approves or recommends the subdivision or the sale or lease of lots therein. No portion of the property report shall be underscored, italicized, or printed in larger or bolder type than the balance of the statement unless the Director requires or permits it.

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

  1. Interstate Land Sales F till Disclosure Act

    Pub. L. 90–448 title XIV § 1408 · 82 Stat. 476

    Enacted · 15 U.S.C. § 1707

    Pub. L. 90–448, title XIV, § 1408, Aug. 1, 1968, 82 Stat. 594

    Source evidence

    Code source credit
    Pub. L. 90–448, title XIV, § 1408, Aug. 1, 1968, 82 Stat. 594

    Enacted provision · exact public law section
    Sec. 1408. information required in property report (a) A property report relating to the lots in a subdivision shall contain such of the information contained in the statement of word, and any amendments thereto, as the Secretary may deem necessary, but need not include the documents referred to in paragraphs (7) to (11), inclusive, of section 1406. A property report shall also contain such other information as the Secretary may by rules or regulations require as being necessary or appropriate in the public interest or for the protection of purchasers. (b) The property report shall not be used for any promotional purposes before the statement of record becomes effective and then only if it is used in its entirety. No person may advertise or represent that the Secretary approves or recommends the subdivision or the sale or lease of lots therein. No portion of the property report shall lie underscored, italicized, or printed in larger or bolder type than the balance of the statement unless the Secretary requires or permits it.

  2. Consumer Financial Protection Act of 2010

    Pub. L. 111–203 title X § 1098A(1) · 124 Stat. 1376

    Substituted · 15 U.S.C. § 1707

    Pub. L. 111–203 substituted “Director” for “Secretary” wherever appearing

    Source evidence

    Code amendment note
    Pub. L. 111–203 substituted “Director” for “Secretary” wherever appearing.

    Enacted provision · exact public law section
    (1) by 15 USC 1702 et seq. striking “Secretary” each place that term appears and inserting “Director”;

    Effective date note
    Amendment by Pub. L. 111–203 effective on the designated transfer date, see section 1100H of Pub. L. 111–203, set out as a note under section 552a of Title 5, Government Organization and Employees.

2 of 2 references resolved to an enrolled provision

Editorial Notes

Amendments

2010—Pub. L. 111–203 substituted “Director” for “Secretary” wherever appearing.

Statutory Notes and Related Subsidiaries

Effective Date of 2010 Amendment

Amendment by Pub. L. 111–203 effective on the designated transfer date, see section 1100H of Pub. L. 111–203, set out as a note under section 552a of Title 5, Government Organization and Employees.

Effective Date

Section effective upon the expiration of two hundred and seventy days after , see section 1423 of Pub. L. 90–448, set out as a note under section 1701 of this title.

Credits

1968–2010 · 2 acts
  1. 1968Pub. L. 90–448, title XIV, § 1408, , 82 Stat. 594
  2. 2010Pub. L. 111–203, title X, § 1098A(1), , 124 Stat. 2105.
Show as published

(Pub. L. 90–448, title XIV, § 1408, , 82 Stat. 594; Pub. L. 111–203, title X, § 1098A(1), , 124 Stat. 2105.)

Parsed from the official OLRC USLM XML in data/usc_all/usc15.xml · release point 119-108 · OLRC build 2026-09-09

USLM identifier /us/usc/t15/s1707