3D Resorts-Bluegrass, LLC (Green Farm)
In the bankruptcy action, the CFPB filed a proof of claim related to potential violations including alleged misrepresentations by a developer/lot seller and others regarding the registration, marketing, and sale of certain lots on a property known as the Green Farms Resort in Grayson and Breckinridge Counties, Kentucky. In the administrative action, the Bureau filed a Notice of Charges against 3D Resorts-Bluegrass alleging a series of violations of the Interstate Land Sales Full Disclosure Act. The Notice of Charges seeks rescission of contracts, restitution, civil money penalties, injunctive relief, and other legal and equitable relief. The parties have agreed to a proposed settlement of this action and have submitted it for the bankruptcy court’s approval.