Non-Forfeiture of Payments in Subdivision Sales

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HLRB BOARD NO. R-540: Non-Forfeiture of Payments in Subdivision Sales

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Title Supreme Court: Non-Forfeiture of Payments in Subdivision Sales

Law: Hlrb Board No. R-540

Decision Date: Feb 16, 1994

Amending the rules on non-forfeiture of payments, this resolution ensures that buyers can halt installment payments without penalty if developers fail to complete projects as promised, provided they notify the relevant parties and receive clearance from the Board.

forfeiture

installment payment

administrative law

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