Real Estate Commission, Professional Licensing, Division Of Firms, Enterprise And Professional Licensing

A prospectus or disclosure statement that was accepted for filing by the superintendent beneath the Real Estate Act earlier than the repeal of that Act is deemed to be a disclosure statement filed under this Act. A time period requiring all proposed events to an assignment settlement to offer to the developer the information and data referred to in subsection . Is of such a considerable nature that the superintendent offers discover to the developer that a brand new disclosure statement must be filed. The superintendent could publish, in accordance with the rules, a coverage assertion setting out circumstances in which permission shall be deemed to be granted under subsection to builders who are described by the circumstances set out within the discover. The approving authority should deal with the matter as if the intended advertising had been …