BANKING, FINANCE AND URBAN AFFAIRS. NINETY-FIFTH CONGRESS SECOND SESSION ON H.R. 11265 A BILL TO AMEND AND EXTEND CERTAIN FEDERAL LAWS H.R. 12574 Minish A BILL TO REVISE THE INTERSTATE LAND SALES FULL DISCLOSURE ACT H.R. 3084 AN ACT TO AMEND AND EXTEND CERTAIN FEDERAL LAWS AUGUST 1, 2, AND 3, 1978 Printed for the use of the Committee on Banking, Finance and Urban Affairs 33-716 O U.S. GOVERNMENT PRINTING OFFICE WASHINGTON: 1978 78-603740 COMMITTEE ON BANKING, FINANCE AND URBAN AFFAIRS HENRY S. REUSS, Wisconsin, Chairman THOMAS L. ASHLEY, Ohio WILLIAM S. MOORHEAD, Pennsylvania District of Columbia STEPHEN L. NEAL, North Carolina PAUL E. TSONGAS, Massachusetts NORMAN E. D'AMOURS, New Hampshire JIM MATTOX, Texas BRUCE F. VENTO, Minnesota DOUG BARNARD, Georgia J. WILLIAM STANTON, Ohio HENRY J. HYDE, Illinois RICHARD KELLY, Florida NEWTON I. STEERS, JR., Maryland KFäl CONTENTS Anaya, Hon. Toney, attorney general of the State of New Mexico, accom- panied by Hon. Joe Canepa, assistant attorney general... Barnes, Hon. James I., III, deputy attorney general of the State of Nevada. Belin, J. B., Jr., president, chairman of the board, American Land Develop- ment Association; accompanied by Gary A. Terry, executive vice president, William B. Ingersoll, general counsel, and George G. Potts, Halloran, Jean, on behalf of INFORM, a public interest group; accom- Pfersich, Gordon, director, division of land sales and condominiums, de- Roberts, David D., vice chairman, Realtors Legislative Committee, National Association of Realtors; accompanied by Albert E. Abrahams, Smith, Herman J., vice president, National Association of Home Builders; accompanied by Robert D. Bannister, senior staff vice president, and Gary Paul Kane, associate legislative counsel... Steinman, Edward D., Acting Assistant Director, Division of Marketing Abuses. Federal Trade Commission; accompanied by John M. Tifford, staff attorney in the land sales program- Worthy, Patricia, Administrator, Office of Interstate Land Sales Regis- tration, Department of Housing and Urban Development; accompanied 654 461 ADDITIONAL INFORMATION SUBMITTED FOR INCLUSION IN THE RECORD 269 Resolution adopted at 1978 annual meeting, National Association of Ashley, Chairman Thomas L., letter dated August 9, 1978, from Frank J. Kelley, attorney general, State of Michigan, with enclosed "Comments |