Sale means any obligation or arrangement for consideration to purchase or lease a lot directly or indirectly. The terms sale or seller include in their meanings the terms lease and lessor.


12 CFR § 1010.1

Scoping language

Statutory terms. All terms are used in accordance with their statutory meaning in 15 U.S.C. 1701, unless otherwise defined in paragraph (b) of this section or elsewhere in this part.

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