§484-8.7  Copy of amended public offering
statements to be given to prospective purchasers.  If a subdivider enters
into a reservation agreement with a prospective purchaser for the subdivision
before the issuance of a final order, any sales contract later entered into by
the subdivider and that prospective purchaser after the final order is issued
shall not be binding on the purchaser until the requirements of section
484-8.6(b) have been met, and unless any amended public offering statement
required by the director under section 484-8.6(d) is provided to the
prospective purchaser before the purchaser signs the sales contract.



The requirements of section 484-8.6(b) shall
apply as if the purchaser had signed the purchaser's sales contract before the
final order was entered by the director; provided that the requirements of this
section shall not apply if the director does not require under section
484-8.6(b) that an amended public offering statement be prepared in connection
with the issuance of a final order. [L 1983, c 175, pt of §8; am L 1992, c 132,
§10]