§ 543c-3

543C.3 Offering statement — contents — prohibitions. 1. There may be omitted from the offering statement any of the information required under section 543C.2, subsection 1, paragraphs 'f', 'i', and 'j', which the commission mayby a properly promulgated rule designate as being unnecessary or inappropriate for theprotection of the public interest or a purchaser. 2. No offer to sell or lease subdivided land by any means of advertisement shall be made unless a copy of such advertisement has first been filed with the board. All suchadvertisements shall state that an offering statement has been filed with the commission andthat a copy of such statement is available from the subdivider upon request. 3. Except as provided in subsection 1, no offer to sell or lease subdivided land shall be made unless such offer is accompanied by a copy of the current offering statement filedpursuant to this chapter. 4. The first page of the offering statement employed in the sale or lease, or offer for sale or lease, of subdivided land shall contain a legible statement printed in at least sixteen pointbold type which shall be at least four point type larger than the body of the document that thefiling of

r lease, of subdivided land shall contain a legible statement printed in at least sixteen pointbold type which shall be at least four point type larger than the body of the document that thefiling of the verified statement and offering statement with the commission does not constituteapproval of the sale or lease, or offer for sale or lease, by the state, commission or any officerthereof, or that the state, commission or any officer thereof, has in any way passed upon themerits of such offering. 5. No sale or lease of subdivided land shall be made unless accompanied or preceded by the delivery to the prospective purchaser of an offering statement complying with theprovisions of this section. 6. No offering statement shall be changed or amended unless a copy of such change or amendment has first been filed with the commission. 7. The subdivider shall, within thirty days after the first day of July of each year, file with the commission a current offering statement setting forth all changes which have taken placeduring the preceding year with respect to any information required to be set forth in suchoffering statement.

e commission a current offering statement setting forth all changes which have taken placeduring the preceding year with respect to any information required to be set forth in suchoffering statement. Only a current offering statement shall be used to sell or lease, or offerto sell or lease, any subdivided land. 8. A fee of one hundred dollars shall be paid, plus ten dollars for each one hundred lots, units, parcels, portions, or interest included in the current offering statement. [C75, 77, 79, 81, §117A.3]C93, §543C.32013 Acts, ch 90, §249Referred to in §543C.8 Sat Dec 23 01:45:57 2023 Iowa Code 2024, Section 543C.3 (23, 1)