24 C.F.R. § 1715.5   Reimbursement.


Title 24 - Housing and Urban Development


Title 24: Housing and Urban Development
PART 1715—PURCHASERS' REVOCATION RIGHTS, SALES PRACTICES AND STANDARDS
Subpart A—Purchasers' Revocation Rights

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§ 1715.5   Reimbursement.

If a purchaser exercises rights under 15 U.S.C. 1703(b), (c) or (d), but cannot reconvey the lot in substantially similar condition, the developer may subtract from the amount paid by the purchaser, and otherwise due to the purchaser under 15 U.S.C. 1703, any diminished value in the lot caused by the acts of the purchaser.

[61 FR 13598, Mar. 27, 1996]

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