12 C.F.R. § 1010.8

Scattered site subdivisions.

Last amended: 2017Year: 2026Length: 103 wordsSubsections: 1Official source

Cite as 12 C.F.R. § 1010.8 (2026)

(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.
Cross-references to the CFR
1010.4
12 C.F.R. § 1010.8: Scattered site subdivisions. | Justis AI