[Code of Federal Regulations]
[Title 24, Volume 5]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 24CFR1720.238]

[Page 78-79]
 
                 TITLE 24--HOUSING AND URBAN DEVELOPMENT
 
 CHAPTER X--OFFICE OF ASSISTANT SECRETARY FOR HOUSING--FEDERAL HOUSING 
 COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (INTERSTATE 
                    LAND SALES REGISTRATION PROGRAM)
 
PART 1720_FORMAL PROCEDURES AND RULES OF PRACTICE--Table of Contents
 
                   Subpart D_Adjudicatory Proceedings
 
Sec.  1720.238  Notices of proceedings to terminate exemptions pursuant

to Sec. Sec.  1710.14, 1710.15 and 1710.16 of this chapter.

    A proceeding to terminate a self-determining exemption under Sec.  
1710.14 or an exemption order under Sec.  1710.15 or Sec.  1710.16 is 
commenced by issuance and service of a notice which shall contain:
    (a) In the case of an exemption under Sec.  1710.14, an 
identification of the developer and subdivision to which this notice 
applies. In the case of an exemption under either Sec.  1710.15 or Sec.  
1710.16, an identification of the exemption order to which the notice 
applies.
    (b) A clear and concise statement of material facts, sufficient to 
inform the respondent with reasonable definiteness of the basis for the 
Secretary's determination that further exemption from the registration 
and disclosure requirements is not in the public interest or that the 
sales or leases do not meet the requirements for exemption, or both.

[[Page 79]]

    (c) A notice of hearing rights of the respondent under Sec.  
1720.239 and of the procedures for invoking those rights.
    (d) A notice that failure to file an answer or motion as provided 
under Sec.  1720.240 will result, in the case of a notice issued under 
Sec.  1710.14, an order terminating eligibility for the exemption, or, 
in the case of a notice issued under either Sec.  1710.15 or Sec.  
1710.16, an order terminating the exemption order.

[45 FR 40499, June 13, 1980, as amended at 54 FR 40868, Oct. 4, 1989]