§ 2795.1. Receipt for Final or Preliminary Public Report.

(a) A receipt on the form specified herein shall be taken by or on behalf of the subdivider from each person executing a reservation agreement under authority of a preliminary public report and each person who has made a written offer to purchase or lease a subdivision interest under authority of a final subdivision public report.

(b) The subdivider or his agent shall retain each receipt for a public report for a period of three years from the date of the receipt and shall make the receipts available for inspection by the Commissioner or his designated representative during regular business hours.

(c) The form approved by the Commissioner for the acknowledgment of receipt of a final or preliminary public report as follows:

RECEIPT FOR PUBLIC REPORT

The Law and Regulations of the Real Estate Commissioner require that you as a prospective purchaser or lessee be afforded an opportunity to read the public report for this subdivision before you make any written offer to purchase or lease a subdivision interest or before any money or other consideration toward purchase or lease of a subdivision interest is accepted from you.

In the case of a preliminary or interim subdivision public report, you must be afforded an opportunity to read the report before a written reservation or any deposit in connection therewith is accepted from you.

In the case of a conditional subdivision public report, delivery of legal title or any other interest contracted for will not take place until issuance of a final public report. Provision has been made in the sales agreement and escrow instructions for the return to you of the entire sum of money paid or advanced by you if you are dissatisfied with the final public report because of a material change. (See California Business and Professions Code Section 11012.)

DO NOT SIGN THIS RECEIPT UNTIL YOU HAVE RECEIVED A COPY OF THE REPORT AND HAVE READ IT.

I have read the commissioner's public report on

_______________________________________________

(File No.) (Tract No. or Name)

I understand the report is not a recommendation or endorsement of the subdivision, but is for information only.

The date of the public report which I received and read is

____________ _____________

(Date Issued) (Date Amended)

_____________

Name

_____________

Address

_____________

(Date)

Subdivider Is Required to Retain This Receipt for Three Years.

HISTORY

1. Amendment filed 12-10-71; effective thirtieth day thereafter (Register 71, No. 50). For prior history see Register 66, No. 25.

2. Amendment filed 1-16-76; effective thirtieth day thereafter (Register 76, No. 3).

3. Amendment filed 7-9-80; effective thirtieth day thereafter (Register 80, No. 28).

4. Amendment of subsection (b) filed 12-3-80; effective thirtieth day thereafter (Register 80, No. 49).

5. Amendment of subsection (c)filed 2-28-2006; operative 3-30-2006 (Register 2006, No. 9).

Note

Note: Authority cited: Section 11001, Business and Professions Code. Reference: Section 11018.1, Business and Professions Code.