Regulatory exemptions.

CFR · 2024-01-01 · US · Title 12

(a) (1) The sale of lots, each of which will be sold for less than $100, including closing costs, if the purchaser will not be required to purchase more than one lot. (2) The lease of lots for a term not to exceed five years if the terms of the lease do not obligate the lessee to renew. (3) The sale of lots to a person who is engaged in a bona fide land sales business. (4) The sale of a lot to a person who owns the contiguous lot which has a residential, commercial or industrial building on it. (5) The sale of real estate to a government or government agency. (6) The sale of a lot to a person who has leased and resided primarily on the lot for at least the year preceding the sale. (b) (c) The sale must also comply with the anti-fraud provisions of § 1010.4(b) and (c) of this part.

official document · source cfr-2024 · id 12:§ 1010.14