Interstate Land Sales Full Disclosure Act

Business / Real Estate / Interstate Land Sales Full Disclosure Act: A federal law, enacted in 1968, that regulates interstate land sales by requiring registration of real property with the Office of Interstate Land Sales Registration (OILSR) of the U.S. Department of Housing and Urban Development (HUD). The main purpose of the act is to require disclosure of full and accurate information regarding the property to prospective buyers before they decide to buy. To comply with the act, the developer must prepare a statement of record and register the subdivision with HUD. After the registration is effective, the developer must deliver to the purchaser (and obtain a receipt for) the property report before execution of the purchase agreement. The developer must give prospective buyers a cooling-off period of seven calendar days to consider the material contained in the property report. Many large subdivisions are registered with HUD because HUD regulations apply if the developer uses the mails or any other means of interstate commerce in the sale of lots.

Other Words for Act

Act Verb Synonyms: behave (oneself), carry on, deport oneself, comport oneself, conduct oneself
Act Noun Synonyms: deed, action, undertaking, operation, step, move, feat, exploit, accomplishment, achievement
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Other Words for Full

Full Adverb Synonyms: very, perfectly, exceedingly, quite, damned
Full Adjective Synonyms: complete, entire, whole
Full Verb Synonyms: filled, replete, brimming, brim-full, packed, jam-packed, congested, loaded, bursting, chock-a-block, chock-full or choke-full or chuck-full, jammed, crammed, solid, well supplied, crowded, stuffed, gorged, saturated, sated, satiated
Full Noun Synonyms: complete, thorough, detailed, comprehensive, total, all-inclusive, broad, extensive, all-encompassing, exhaustive, plenary
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Other Words for Land

Land Verb Synonyms: dirt, earth, soil, turf, sod, loam, mould
Land Noun Synonyms: earth, (solid) ground, terra firma
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New Zealand Stock Exchange

Business / Finance / New Zealand Stock Exchange: Automated, screen-based national trading system based in Wellington. MORE

New Zealand Dairy Board (NZDB)

Business / Agriculture / New Zealand Dairy Board (NZDB): The New Zealand Dairy Board is a quasi- government corporation that was explicitly created by New Zealand statute to purchase all New Zealand dairy products that are manufactured for export. (New Zeal MORE

New Zealand

Life Style / Wine / New Zealand: See my New Zealand wine guide. MORE

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