Streamlining Interstate Land Sales Disclosure Under CFPB

Law360, New York (January 6, 2012, 1:43 PM EST) -- The transition of administration to the newly established Consumer Financial Protection Bureau of the Interstate Land Sales Full Disclosure Act (ILSA), 15 U.S. C. 1701 et seq., is described in the July 21, 2011, Real Estate alert.

For 40 years, the Interstate Land Sales Full Disclosure Act (ILSA) was administered by the U.S. Department of Housing and Urban Development (HUD). But as a result of the Dodd-Frank Wall Street Reform and Consumer Protection Act, ILSA administration was transferred to the newly created Consumer Financial Protection Bureau....
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