24 C.F.R. § 1710.118   Receipt, agent certification and cancellation page.


Title 24 - Housing and Urban Development


Title 24: Housing and Urban Development
PART 1710—LAND REGISTRATION
Subpart B—Reporting Requirements

Browse Previous |  Browse Next

§ 1710.118   Receipt, agent certification and cancellation page.

(a) Format. The receipt, agent certification and cancellation page shall be prepared in accordance with the sample printed herein.

Receipt, Agent Certification and Cancellation Page

purchaser receipt

Important: Read Carefully

Name of subdivision____________________

OILSR number ____________ Date of report ___

We must give you a copy of this Property Report and give you an opportunity to read it before you sign any contract or agreement. By signing this receipt, you acknowledge that you have received a copy of our Property Report.

Received by ____________________ Date ___

Street address____________________

City ______________ State ______________ Zip ___

If any representations are made to you which are contrary to those in this Report, please notify the:

                  Office of Interstate Land Sales Registration

                  HUD Building, 451 Seventh Street, S.W.

                  Washington, D.C. 20410

Agent Certification

I certify that I have made no representations to the person(s) receiving this Property Report which are contrary to the information contained in this Property Report.

Lot __________ Block __________ Section __________

Name of salesperson____________________

Signature ____________________ Date ___

Purchase Cancellation

If you are entitled to cancel your purchase contract, and wish to do so, you may cancel by personal notice, or in writing. If you cancel in person or by telephone, it is recommended that you immediately confirm the cancellation by certified mail. You may use the form below.

Name of subdivision____________________
Date of contract____________________

This will confirm that I/we wish to cancel our purchase contract.

Purchaser(s) signature__________ Date ___

(b) The original and one copy of this page shall be attached to the Property Report delivered to prospective purchasers. Carbon paper may be inserted between the two so that after the purchaser has signed the receipt and the salesman has signed the certification, the copy can be detached and retained by the developer for a period of three years from the date of execution or the term of the contract, whichever is the longer. Upon demand by the Secretary, the developer shall, without delay, make the copies of these receipts and certifications available for inspection by the Secretary or the developer shall forward to the Secretary any of the receipts and certifications, or copies thereof, as the Secretary may specify.

(c) If the transaction takes place through the mails, the cost figures shall be entered and the person most active in dealing with the prospective purchaser shall sign the certification prior to mailing the Property Report to the purchaser. Otherwise, the certification shall be executed in the presence of the purchaser.

(d) The date of Report appearing on the receipt shall be the same as that appearing on the cover sheet of the Property Report.

(e) Notification of cancellation by mail shall be considered given at the time post-marked.

Browse Previous |  Browse Next






















chanrobles.com


ChanRobles Legal Resources:

ChanRobles On-Line Bar Review

ChanRobles Internet Bar Review : www.chanroblesbar.com

ChanRobles MCLE On-line

ChanRobles Lawnet Inc. - ChanRobles MCLE On-line : www.chanroblesmcleonline.com