Riegle Neal Interstate Banking and Branching Efficiency Act of 1994

 

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Riegle Neal Interstate Banking and Branching Efficiency Act of 1994

Law permitting interstate banking in the US



Riegle Neal Interstate Banking and Branching Efficiency Act of 1994

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Interstate Land Sales

Interstate Land Sales

Sales of land to a buyer in another state. Because the buyer is usually totally dependent on the seller for information regarding the property, federal disclosure laws have been passed to aid the buyer. The buyer also has a period (now 3 days) after singing a purchase agreement, in which to rescind. The laws were passed because of the large promotional land sales of the 50's and early 60's, some of which sold worthless desert and swamp land.




 
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