Land Use ControlsHARD
Under the Interstate Land Sales Full Disclosure Act, buyers have how many days to cancel after receiving the property report?
Correct Answer
B) 7 days
The Interstate Land Sales Full Disclosure Act gives buyers 7 days to cancel after signing a purchase contract if they received the property report before signing. If they didn't receive it, they have 2 years to cancel.
Answer Options
A
3 daysB
7 daysC
10 daysD
30 daysVideo Explanation3 min
Audio Lesson3 min
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Related Topics & Key Terms
Related Topics:
federal-disclosure-requirementsbuyer-protection-laws
Key Terms:
Interstate Land Sales Full Disclosure ActILSAproperty reportcancellation rightcooling-off period
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