The basic problem presented on this appeal is whether the Town of Ramapo had authority to enact the local legislation struck down by the Special Term (Local Laws, 1967, Nos. 4 and 5 of the Town of Ramapo), which legislation imposed upon builders of one- and two-family homes in Ramapo the obligations of (1) holding in escrow, until transfer of title to the purchaser, the contract down payment received...
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