HAR §16-104-26. Issuance to purchasers and prospective purchasers

(a) Copies of the current public offering statement shall be delivered to purchasers and prospective purchasers. (b) Delivery of the public offering statement shall be evidenced by a signed receipt by the purchaser or prospective purchaser. (1) The receipt for public offering statement shall contain the following information: (A) The Hawaii registration number; (B) The name of the subdivision; (C) The name of the subdivider or agent; (D) The number of parcel or parcels purchased; and (E) The signature of the purchaser or purchasers; (2) All receipts shall be kept by the subdivider or agent for a period of not less than three years from the date the receipt was taken and be 104-8 open for inspection by the director or the director’s authorized representative. (c) If the director requires the subdivider to amend the public offering statement prior to entering a final order, a copy of the amended public offering statement shall be delivered to the purchaser, and at the same time the purchaser shall be notified of the purchaser’s right of refund and cancellation of the sales contract within a seven-day period. [Eff 8/8/87] (Auth: HRS §484-10) (Imp: HRS §484-6) SUBCHAPTER 5 ESCROW AGREEMENT