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Home / Opinion Digests / Consumer Protection – Real Estate – ILSFDA – Luxury Community – 100-Lot Exemption (access required)

Consumer Protection – Real Estate – ILSFDA – Luxury Community – 100-Lot Exemption (access required)

In this couple’s suit against defendants who allegedly misrepresented luxury amenities available in a residential community affiliated with the Ritz-Carlton Hotel, an Alexandria U.S. District Court says a “100-lot” exemption to the Interstate Land Sales Full Disclosure Act does not apply. Exemptions to ILSFDA must be narrowly construed, and the broad reading of these exemptions that ...

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