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Statement on Supervisory and Enforcement Practices Regarding Certain Filing Requirements Under the Interstate Land Sales Full Disclosure Act and Regulation J

In light of the COVID-19 pandemic, the Bureau has issued a statement to provide flexibility for land developers who are subject to the Interstate Land Sales Full Disclosure Act (ILSA) and Regulation J. The statement provides that, as of April 27, 2020, and until further notice, the Bureau does not intend to take supervisory or enforcement action against developers for delays in filing annual reports of activity or certain financial statements with the Bureau, as required under Regulation J, provided that the developers are making good faith efforts to file these reports within a reasonable time.

Statement

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