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Title 15 — Commerce and TradeRelease 119-73

§1707 Property report

Title 15 › Chapter CHAPTER 42— - INTERSTATE LAND SALES › § 1707

Last updated Apr 6, 2026|Official source

Summary

A property report for lots in a subdivision must include the parts of the official statement and any changes that the Director thinks are needed. It does not have to include the documents listed in paragraphs (7)–(11) of section 1705. The Director can also require other information by rule to protect buyers or the public. The report cannot be used to promote the subdivision before the official statement becomes effective, and after that it can be used only if the entire report is used. No one may say the Director approves or recommends the subdivision or its sales. Parts of the report may not be printed in larger, bold, italic, or underlined type than the rest unless the Director allows it.

Full Legal Text

Title 15, §1707

Commerce and Trade — Source: USLM XML via OLRC

(a)A property report relating to the lots in a subdivision shall contain such of the information contained in the statement of record, and any amendments thereto, as the Director may deem necessary, but need not include the documents referred to in paragraphs (7) to (11), inclusive, of section 1705 of this title. A property report shall also contain such other information as the Director may by rules or regulations require as being necessary or appropriate in the public interest or for the protection of purchasers.
(b)The property report shall not be used for any promotional purposes before the statement of record becomes effective and then only if it is used in its entirety. No person may advertise or represent that the Director approves or recommends the subdivision or the sale or lease of lots therein. No portion of the property report shall be underscored, italicized, or printed in larger or bolder type than the balance of the statement unless the Director requires or permits it.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Amendments

2010—Pub. L. 111–203 substituted “Director” for “Secretary” wherever appearing.

Statutory Notes and Related Subsidiaries

Effective Date

of 2010 AmendmentAmendment by Pub. L. 111–203 effective on the designated transfer date, see section 1100H of Pub. L. 111–203, set out as a note under section 552a of Title 5, Government Organization and Employees.

Effective Date

Section effective upon the expiration of two hundred and seventy days after Aug. 1, 1968, see section 1423 of Pub. L. 90–448, set out as a note under section 1701 of this title.

Reference

Citations & Metadata

Citation

15 U.S.C. § 1707

Title 15 — Commerce and Trade

Last Updated

Apr 6, 2026

Release point: 119-73