CFPB Seeks Comments on Interstate Land Sales Act Regulations

Regs.gov: Consumer Financial Protection Bureau

Detected March 21st, 2026

Summary

The Consumer Financial Protection Bureau (CFPB) is requesting comments on the reinstatement of an information collection related to the Interstate Land Sales Full Disclosure Act (ILSA). This includes Regulations J, K, and L, which require land developers to register subdivisions and provide property reports to purchasers.

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What changed

The Consumer Financial Protection Bureau (CFPB) has issued a notice and request for comment regarding the reinstatement of an information collection titled "Interstate Land Sales Full Disclosure Act (Regulations J, K, and L)" under OMB Control Number 3170-0012. This action pertains to the information collection requirements mandated by the ILSA, which requires land developers to register subdivisions of 100 or more non-exempt lots and provide purchasers with a property report. The CFPB is seeking public input on the necessity, accuracy, utility, and clarity of this information collection, as well as methods to minimize the burden on respondents.

Regulated entities, specifically businesses or other for-profits involved in land development, should review the information collection and submit written comments by April 20, 2026, to ensure their feedback is considered. The CFPB is particularly interested in comments addressing the practical utility of the information, the accuracy of the estimated burden hours (currently 3,412 hours for 197 respondents), and potential improvements through technology. Comments will be reviewed by the Office of Management and Budget (OMB) as part of its review process and will become public record.

What to do next

Submit written comments on the information collection by April 20, 2026.
Review the estimated burden hours and methods used by the CFPB.
Consider ways to enhance the quality and utility of the collected information.

Source document (simplified)

Content

ACTION:

Notice and request for comment.

SUMMARY:

In accordance with the Paperwork Reduction Act of 1995 (PRA), the Consumer Financial Protection Bureau (CFPB or Bureau) requests
the Office of Management and Budget's (OMB's) reinstatement of an information collection titled “Interstate Land Sales Full
Disclosure Act (Regulations J, K, and L)” approved under OMB Control Number 3170-0012.

DATES:

Written comments are encouraged and must be received on or before April 20, 2026 to be assured of consideration.

ADDRESSES:

Written comments and recommendations for the proposed information collection should be sent within 30 days of publication
of this notice to www.reginfo.gov/public/do/PRAMain. Find this particular information collection by selecting “Currently under 30-day Review—Open for Public Comments” or by using
the search function. In general, all comments received will become public records, including any personal information provided.
Sensitive personal information, such as account numbers or Social Security numbers, should not be included.

FOR FURTHER INFORMATION CONTACT:

Requests for additional information should be directed to Anthony May, Paperwork Reduction Act Officer, at (202) 435-7278,
or email: CFPB_PRA@cfpb.gov. If you require this document in an alternative electronic format, please contact CFPB_Accessibility@cfpb.gov. Please do not submit comments to these email boxes.

SUPPLEMENTARY INFORMATION:

Title of Collection: Interstate Land Sales Full Disclosure Act (Regulations J, K, and L).

OMB Control Number: 3170-0012.

Type of Review: Reinstatement of an information collection.

Affected Public: Private sector: businesses or other for-profits.

Estimated Number of Respondents: 197.

Estimated Total Annual Burden Hours: 3,412.

Abstract: The Interstate Land Sales Full Disclosure Act (ILSA) requires land developers to register subdivisions of 100 or more non-exempt
lots with the Bureau before selling or leasing the lots, and to provide each lot purchaser with a disclosure document designated
as a property report, 15 U.S.C. 1703-1704. ILSA was enacted in response to a nationwide proliferation of developers of unimproved
subdivisions who made elaborate, and often fraudulent, claims about their land to unsuspecting lot purchasers. Information
is submitted to the Bureau to assure compliance with ILSA and the implementing regulations. The Bureau also investigates developers

  who are not in compliance with the regulations.

Request for Comments: The CFPB published a 60-day
Federal Register
notice on December 9, 2025 (90 FR 57034), under Docket Number: CFPB-2025-0045. The CFPB is publishing this notice and soliciting
comments on: (a) Whether the collection of information is necessary for the proper performance of the functions of the CFPB,
including whether the information will have practical utility; (b) The accuracy of the CFPB's estimate of the burden of the
collection of information, including the validity of the methods and the assumptions used; (c) Ways to enhance the quality,
utility, and clarity of the information to be collected; and (d) Ways to minimize the burden of the collection of information
on respondents, including through the use of automated collection techniques or other forms of information technology. Comments
submitted in response to this notice will be reviewed by OMB as part of its review of this request. All comments will become
a matter of public record.

Anthony May, Paperwork Reduction Act Officer, Consumer Financial Protection Bureau. [FR Doc. 2026-05516 Filed 3-19-26; 8:45 am] BILLING CODE 4810-AM-P