| 单词 | interstate land sales act |
| 释义 | interstate land sales actDefinition Legislation enacted in 1968, patterned after the Securities Law of 1933, which mandates the registration of subdivisions consisting of 100 or more non-exempt lots with Department of Housing and Urban Development. The intent of the act is to protect purchasers from fraud and misrepresentation through full disclosure submitted in a property report. |
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