GroundRules
12 CFR 1011.5: Reimbursement.
Where this section sits in the code
- Title 12—Banks and Banking
- CHAPTER X—CONSUMER FINANCIAL PROTECTION BUREAU
- PART 1011—PURCHASERS' REVOCATION RIGHTS, SALES PRACTICES AND STANDARDS (REGULATION K)
- Subpart A—Purchasers' Revocation Rights
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.
Collected 2026-08-27T02:24:16Z. Source file · JSON