2011 Regular Session

HOUSE BILL 1109

CHAPTER NUMBER: 156
File Code: Real Property
Sponsored By:
Delegate Vaughn
Entitled:
Real Property - Rescission of Sales Contracts - Return of Deposits

Synopsis:

Requiring the return of a deposit held by a real estate broker to a purchaser who rescinds a contract to purchase a residential dwelling, a cooperative interest, a condominium unit, or a lot in a homeowners association to comply with the law governing the maintenance and disposition of trust money by a real estate broker under specified circumstances.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
House Action
2/11
First Reading Environmental Matters
Hearing 3/11 at 1:00 p.m.
3/17

Favorable with Amendments Report by Environmental Matters
3/18
Committee Amendment Withdrawn
Substitute Committee Amendment Adopted
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/20
Third Reading Passed (140-0)
4/3
Returned Passed
Senate Action
3/23
First Reading Judicial Proceedings
Hearing 3/30 at 1:00 p.m.
4/6
Favorable Report by Judicial Proceedings
4/2
Favorable Report Adopted
Second Reading Passed
4/3
Third Reading Passed (46-0)
Action after passage in House and Senate
4/12
Approved by the Governor
- Chapter 156

Bill indexed under the following Subjects:

Agents and Brokers
Condominiums
Contracts -see also- Land Installment Contracts; Procurement
Cooperative Associations
Homeowners Associations
Housing -see also- Apartments; Condominiums; Mobile Homes
Notices
Real Estate -see also- Agents and Brokers
Real Property
Security Deposits

Bill affects the following Statutes:

Business Occupations and Professions
( 17-505 )
Real Property
( 10-702 , 11-126 , 11-135 , 11B-108 , 11B-108 , 11B-108 , 11B-108 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note: Available
Amendments:
House
Number: 100617/01     Offered on: March 18, 2011   at: 11:39 a.m.     Status: Adopted
Number: 470910/01     Offered on: March 18, 2011   at: 11:54 a.m.     Status: Withdrawn
Committee Votes :
House
Environmental Matters
Senate
Judicial Proceedings
Roll Call Votes (Legislative dates are shown):
House
March 20, 2011: Third Reading Passed (140-0)
Senate
April 3, 2011: Third Reading Passed (46-0)