A memorandum from Oregon House Majority Leader Les AuCoin to news media executives regarding Oregon's then recently passed subdivision law, the Land Development Consumer Protection Act (HB 2607), which was due to go into affect on January 1, 1974. A news release statement by State Representative AuCoin stated that "Specifically, the Land Development Consumer Protection Act: (1) insures that prospective purchasers of land development interests have all pertinent information concerning conditions on and in the vicinity of the property; (2) places the buyer and seller on an equal footing regarding the transaction; and (3) registers land developments, particularly promotional land sales."