disclosure

Amendment to the ILSA Cuts Red Tape for Condominium Developers

The Federal Interstate Land Sales Full Disclosure Act (“ILSA”) was originally passed in 1968 in an effort to protect consumers from fraudulent land sales practices.  The ILSA previously required developers of certain types of condominiums to register new condominium projects with the Department of Housing and Urban Development (“HUD”) and to provide a property report to…

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