California Code of Regulations › Title 10 - Investment › Chapter 6 - Real Estate Commissioner › Article 12 - Subdivisions › Section 2795.1 - Receipt for Final or Preliminary Public Report

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) A receipt on the form specified herein
				shall be taken by or on behalf of the subdivider from each person executing a
				reservation agreement under authority of a preliminary public report and each
				person who has made a written offer to purchase or lease a subdivision interest
				under authority of a final subdivision public report.
(b) The subdivider or his agent shall retain
				each receipt for a public report for a period of three years from the date of
				the receipt and shall make the receipts available for inspection by the
				Commissioner or his designated representative during regular business
				hours.
(c) The form approved by the
				Commissioner for the acknowledgment of receipt of a final or preliminary public
				report as follows:
RECEIPT FOR PUBLIC REPORT
The Law and Regulations of the Real Estate Commissioner
				  require that you as a prospective purchaser or lessee be afforded an
				  opportunity to read the public report for this subdivision before you make any
				  written offer to purchase or lease a subdivision interest or before any money
				  or other consideration toward purchase or lease of a subdivision interest is
				  accepted from you.
In the case of a preliminary or interim subdivision public
				  report, you must be afforded an opportunity to read the report before a written
				  reservation or any deposit in connection therewith is accepted from you.
In the case of a conditional subdivision public report,
				  delivery of legal title or any other interest contracted for will not take
				  place until issuance of a final public report. Provision has been made in the
				  sales agreement and escrow instructions for the return to you of the entire sum
				  of money paid or advanced by you if you are dissatisfied with the final public
				  report because of a material change. (See California Business and Professions
				  Code Section
				  11012.)
DO NOT SIGN THIS RECEIPT UNTIL YOU HAVE RECEIVED A COPY OF
				  THE REPORT AND HAVE READ IT.
I have read the commissioner's public report on
___________________________
(File No.)
(Tract No. or Name)
I understand the report is not a recommendation or
				  endorsement of the subdivision, but is for information only.
The date of the public report which I received and read
				  is
___________________________
___________________________
(Date Issued)
(Date Amended)
___________________________
Name
___________________________
Address
___________________________
(Date)
Subdivider Is Required to Retain This Receipt for
				  Three Years.
1. Amendment
				  filed 12-10-71; effective thirtieth day thereafter (Register 71, No. 50). For
				  prior history see Register 66, No. 25.
2. Amendment filed 1-16-76;
				  effective thirtieth day thereafter (Register 76, No. 3).
3.
				  Amendment filed 7-9-80; effective thirtieth day thereafter (Register 80, No.
				  28).
4. Amendment of subsection (b) filed 12-3-80; effective
				  thirtieth day thereafter (Register 80, No. 49).
5. Amendment of
				  subsection (c) filed 2-28-2006; operative 3-30-2006 (Register 2006, No.
				  9).
Note: Authority cited: Section
					 11001,
					 Business and Professions Code. Reference: Section
					 11018.1,
					 Business and Professions Code.