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Carlton Fields

The ILSA Condo Exemption – Not Out of the Woods Yet

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The Interstate Land Sales Full Disclosure Act (ILSA) is a federal statute that aims to prevent land sales fraud and uninformed purchases of unimproved real property by requiring registration of subdivisions with the Consumer...more

Carlton Fields

New Condominium Exemption To The Interstate Land Sales Full Disclosure Act

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As we previously reported, a significant amendment to the Interstate Land Sales Full Disclosure Act (ILSA) becomes effective on March 26, 2015. HR2600 adds an exemption from registration for a “condominium unit.” This is a...more

Carlton Fields

Congress Exempts Condominiums from ILSA Registration

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Last night, the U.S. Senate unanimously approved S. 2101, which would amend the Interstate Land Sales Full Disclosure Act (ILSA) to exempt condominium developments from its registration requirements. The Senate version is...more

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