Interstate Land Sales Full Disclosure Amendments - Exempts the following transactions from the terms of the Interstate Land Sales Full Disclosure Act: (1) sale or lease of any improved land on which there is a condominium; (2) sale or lease of real estate by a developer who is engaged in a sales operation which is predominantly intrastate in nature; and (3) the sale or lease of real estate by a developer who has fulfilled specified conditions to the resident of another State when the principal residence of the purchaser is within a radius of 100 miles from the property.
Directs the Secretary of Housing and Urban Development to conduct all actions brought under the Interstate Land Sales Full Disclosure Act in accordance with the Administrative Procedures Act.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
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