Source: https://www.consumerfinance.gov/policy-compliance/rulemaking/regulations/1010/216/
Timestamp: 2019-05-26 07:27:00
Document Index: 434182417

Matched Legal Cases: ['§ 1010', '§ 1010', '§ 1010', '§ 1010', '§ 1010', '§ 1010', '§ 1010', '§ 1010', '§ 1010', '§ 1010', '§ 1010']

§ 1010.216 Additional information.
(a) Property Owners' Association.
(1) If the association has been formed as a legal entity, submit a copy of the articles of association, bylaws or similar documents, and a copy of the charter or certificate of incorporation.
(4) If the answer to paragraph (a)(2) or (a)(3) of this section is in the affirmative, disclosure may be required in § 1010.116(a) at the discretion of the Director.
(b) Price range, type of sales and marketing.
(1) State the price range of lots in the subdivision.
(i) Mentions or refers to recreational facilities which are not disclosed in § 1010.114, or;
(c) Violations and litigation.
(1) Submit a copy of the complaint(s), the answer(s) and the decision(s) for any litigation listed in § 1010.116(c).
(2) If it is indicated in § 1010.116(c) that the developer or any of the parties involved in the subdivision are, or have been, the subject of any bankruptcy proceedings, furnish a copy of the schedules of liabilities and assets (or a recap of those schedules); the petition number; the date of the filing of the petition; names and addresses of the petitioners, trustee and counsel; the name and location of the court where the proceedings took place and the status or disposition of the petition. Explain, briefly, the cause of the action.
(3) Furnish a copy of any orders issued in connection with any violations listed in § 1010.116(c).
(d) Resale or exchange program.
(1) If it is stated in § 1010.116(d)(3) that there is an exchange program which provides sufficient lots to satisfy all requests for exchange, describe the method used to determine the number of lots required; state whether these lots have been reserved or set aside; whether additional lots will be provided if the lots available for exchange are exhausted and the source of any additional lots.
(e) Unusual situations &emdash;
(1) Foreign subdivisions. If the subdivision is located outside the several States, the District of Columbia, the Commonwealth of Puerto Rico or the territories or possession of the United States, the Statement of Record shall be submitted in the English language and all supporting documents, including copies of any laws which restrict the ownership of land by aliens, shall be submitted in their original language and shall be accompanied by a translation into English.
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