Code of Federal Regulations · Section
§ 1011.5 — Reimbursement
12 C.F.R. § 1011.5
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If a purchaser exercises rights under 15 U.S.C. 1703(b), (c), or (d), but cannot reconvey the lot in substantially similar condition, the developer may subtract from the amount paid by the purchaser, and otherwise due to the purchaser under 15 U.S.C. 1703, any diminished value in the lot caused by the acts of the purchaser.
Authorizing Statute
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Requirements respecting sale or lease of lots15 U.S.C. § 1703
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Rules, regulations, and orders15 U.S.C. § 1718
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Rulemaking authority12 U.S.C. § 5512