15 U.S.C. § 1701 : US Code - Section 1701: Definitions

Search 15 U.S.C. § 1701 : US Code - Section 1701: Definitions

For the purposes of this chapter, the term -
(1) "Secretary" means the Secretary of Housing and Urban
Development;
(2) "person" means an individual, or an unincorporated
organization, partnership, association, corporation, trust, or
estate;
(3) "subdivision" means any land which is located in any State
or in a foreign country and is divided or is proposed to be
divided into lots, whether contiguous or not, for the purpose of
sale or lease as part of a common promotional plan;
(4) "common promotional plan" means a plan, undertaken by a
single developer or a group of developers acting in concert, to
offer lots for sale or lease; where such land is offered for sale
by such a developer or group of developers acting in concert, and
such land is contiguous or is known, designated, or advertised as
a common unit or by a common name, such land shall be presumed,
without regard to the number of lots covered by each individual
offering, as being offered for sale or lease as part of a common
promotional plan;
(5) "developer" means any person who, directly or indirectly,
sells or leases, or offers to sell or lease, or advertises for
sale or lease any lots in a subdivision;
(6) "agent" means any person who represents, or acts for or on
behalf of, a developer in selling or leasing, or offering to sell
or lease, any lot or lots in a subdivision; but shall not include
an attorney at law whose representation of another person
consists solely of rendering legal services;
(7) "blanket encumbrance" means a trust deed, mortgage,
judgment, or any other lien or encumbrance, including an option
or contract to sell or a trust agreement, affecting a subdivision
or affecting more than one lot offered within a subdivision
except that such term shall not include any lien or other
encumbrance arising as the result of the imposition of any tax
assessment by any public authority;
(8) "interstate commerce" means trade or commerce among the
several States or between any foreign country and any State;
(9) "State" includes the several States, the District of
Columbia, the Commonwealth of Puerto Rico, and the territories
and possessions of the United States;
(10) "purchaser" means an actual or prospective purchaser or
lessee of any lot in a subdivision; and
(11) "offer" includes any inducement, solicitation, or attempt
to encourage a person to acquire a lot in a subdivision.