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Consumer Financial Protection Bureau Announces Electronic Filings Under Interstate Land Sales Full Disclosure Act

Online Filing Option Will Improve Efficiency and Reduce Costs

Washington, D.C. –-(ENEWSPF)–May 2, 2016.  The Consumer Financial Protection Bureau (CFPB) today announced it is amending the regulations implementing the Interstate Land Sales Full Disclosure Act (ILSA) to allow electronic filings.

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The Interstate Land Sales Full Disclosure Act requires certain land developers to register their subdivisions and provide disclosures about the lots being offered, to protect consumers from deception or abuse. Regulatory authority over ILSA was…

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