Scattered site subdivisions.

CFR · 2024-01-01 · US · Title 12

(a) The sale of lots in a subdivision consisting of noncontiguous parts is exempt from the registration requirements of the Act if: (1) Each noncontiguous part of the subdivision contains twenty or fewer lots; and (2) Each purchaser or purchaser's spouse makes a personal, on-the-lot inspection of the lot purchased prior to signing a contract. (b) For purposes of this exemption, interruptions such as roads, parks, small bodies of water or recreational facilities do not serve to break the contiguity of parts of a subdivision. (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:§ 1010.8