Cooperation among certified states and between certified states and the Director.

CFR · 2024-01-01 · US · Title 12

(a) By filing an Application for Certification of State Land Sales Program pursuant to this subpart, a state agrees that, if it is certified by the Director, it will: (1) Accept for filing and allow to be distributed as the sole disclosure document, a disclosure document currently in effect in the situs certified state. Only those documents filed with the situs state after certification by the Director must automatically be accepted by other certified states; (2) Certify copies of all disclosure documents, amendments and consolidations filed with it by developers of land located within its borders for and as needed by developers required to submit certified copies to the Director and all other certified states. The certification shall indicate whether the documents are currently in effect. The certification should be in the format set forth in section XXIX of the appendix to this part: Form for Certification for Disclosure Documents. (3) Assist and cooperate with the Director and other certified states by requiring that developers of land within its borders amend disclosure documents if any change occurs in any representation of material fact required to be stated in the disclosure documents, including a change resulting from the (4) Continue to effectively operate its Land Sales Program as that Program is described in the Application for Certification and as it was certified by the Director. (5) Assist and cooperate with the Director by monitoring the sales practices of deve

official document · source cfr-2024 · id 12:§ 1010.504