Full 2nd Circ. Pressed To Rethink Condo-As-Lot Decision

Law360, New York (May 20, 2013, 6:37 PM EDT) -- The owner of the Residence at The Ritz-Carlton Westchester filed a motion for en banc rehearing with the Second Circuit on Monday, in a dispute with prospective residents over whether a single-floor condominium in a multistory building is subject to disclosure and reporting requirements.

Owner Renaissance Rental Partners LLC argues that a May 6 finding by the court misapplied precedent and gave too much credence to the Consumer Financial Protection Bureau and U.S. Department of Housing and Urban Development's definition of the term "lot." In the...
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