15 U.S.C. § 1716 — Unlawful representations
submitted 58 years ago by Pub. L. 90-448 to r/title-15-COMMERCE-AND-TRADE · 83 words · no verdicts yet
Filing or putting into effect a subdivision's statement of record does not mean the Director found it accurate or approved the subdivision. It is unlawful to tell a prospective purchaser otherwise.
The filing or effectiveness of a statement of record for a subdivision does not mean that the Director found the statement true and accurate on its face. It also does not mean that the Director reviewed the subdivision's merits or approved it. It is unlawful to make, or cause someone else to make, a representation to a possible purchaser that contradicts these facts.
The fact that a statement of record with respect to a subdivision has been filed or is in effect shall not be deemed a finding by the Director that the statement of record is true and accurate on its face, or be held to mean the Director has in any way passed upon the merits of, or given approval to, such subdivision. It shall be unlawful to make, or cause to be made, to any prospective purchaser any representation contrary to the foregoing.
Source credit: (Pub. L. 90–448, title XIV, § 1417, Aug. 1, 1968, 82 Stat. 598; Pub. L. 111–203, title X, § 1098A(1), July 21, 2010, 124 Stat. 2105.)
- 1968Enacted · Pub. L. 90-448 · 82 Stat. 598
- 2010Amended · Pub. L. 111-203 · 124 Stat. 2105
A history note hasn’t been published yet. The record shows enactment by Pub. L. 90-448 on 1968-08-01.
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