Carmel & Carmel Legal Resources

New ILSA Decision Makes Piggybacking of ILSA Exemptions More Complex

On May 27, 2010, a federal district court in the Southern District of Florida ruled on behalf of a condominium purchaser who sought rescission and damages from a developer that failed to abide by the Interstate Land Sales Full Disclosure Act (“ILSA”), holding that that ...

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HUD and States Stepping Up Enforcement of Land Sales Registration Laws

The legal landscape is shifting with respect to the regulation of out-of-state subdivisions and condominiums.  For example, while Michigan recently repealed the regulations that required developers to register out-of-state properties, HUD and other states are seeing an increase in consumer complaints and have stepped up compliance reviews and enforcement actions ...

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New Cases Offer Conflicting Opinions on Piggybacking Exemptions Under ILSA

The past several months have seen a number of notable court decisions with respect to interstate land sales compliance. Of particular importance are two recent district court opinions that offer conflicting messages regarding what may, or may not, constitute compliance with the Interstate Land Sales Full Disclosure Act (“ILSA”).  More specifically, ...

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