§1705 Information Required in Statement of Record

Summary

Require twelve kinds of information and papers to be filed with the statement of record. List each person who has an interest in the lots, with names, addresses, and how big their interest is. Give a legal description and total area, describe the land and its shape, and include a map that shows lot lines, sizes, and nearby streets. Say who legally owns the land and list any claims, liens, deed limits, or rules that affect it. Describe the general terms of sale or rent, including the range of prices or rents. Also explain current access, any known noise or safety problems, the availability of sewer and other utilities (water, electricity, gas, telephone), how many miles to nearby towns, and what improvements the developer will make and when. If a blanket claim or lien covers the subdivision, say what happens to a buyer if the people bound by it fail to perform and what protections exist. Provide the developer’s organization papers (corporate, trust, partnership, or similar), copies of deeds or title papers and any title opinions or insurance, the forms to be used to sell or lease lots, instruments creating easements or other restrictions, financial statements as the Director requires, and any other documents or certifications the Director finds reasonably necessary to protect buyers.