Real Estate Weekly: Neveloff Comments on The Interstate Land Sales Disclosure Act Update of 2014

Real estate partner Jay A. Neveloff was quoted in a Real Estate Weekly article about The Interstate Land Sales Disclosure Act Update of 2014. The bill, which Mr. Neveloff helped draft, relieves developers of new condominiums or timeshares of 99 units or more from having to register with the U.S. Department of Housing and Urban Development, as required by the 1968 Interstate Land Sales Full Disclosure Act. The 1968 Act, intended to protect purchasers of land out of state, created an overlap in federal and state regulations of disclosures. Mr. Neveloff was quoted as saying that the bill will clear up the regulatory confusion for developers by removing the federal registration requirement.