12 CFR § 1011.5 - Reimbursement.

---
identifier: "/us/cfr/t12/s1011.5"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 1011.5 - Reimbursement."
title_number: 12
title_name: "Banks and Banking"
section_number: "1011.5"
section_name: "Reimbursement."
chapter_name: "CONSUMER FINANCIAL PROTECTION BUREAU"
part_number: "1011"
part_name: "PURCHASERS' REVOCATION RIGHTS, SALES PRACTICES AND STANDARDS (REGULATION K)"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 5512, 5581; 15 U.S.C. 1718."
regulatory_source: "76 FR 79522, Dec. 21, 2011, unless otherwise noted."
cfr_part: "1011"
---


# 1011.5 Reimbursement.

If a purchaser exercises rights under 15 U.S.C. 1703(b), (c), or (d), but cannot reconvey the lot in substantially similar condition, the developer may subtract from the amount paid by the purchaser, and otherwise due to the purchaser under 15 U.S.C. 1703, any diminished value in the lot caused by the acts of the purchaser.