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Legislation


2000 Regular Session

HOUSE BILL 623

File Code: Real Property
Sponsored By:
Delegate Weir
Entitled:
Real Property - Sales of Residential Property - Flood Insurance

Synopsis:

Providing that, if a purchaser of residential real property is required by a lender to purchase flood insurance as a condition to receiving a loan for the purchase of the property and the purchaser establishes that the flood insurance was unnecessary, the lender must reimburse the purchaser for specified costs incurred by the purchaser.

History by Legislative Date

House Action
2/9
First Reading Economic Matters
Hearing 2/24 at 1:00 p.m.
3/6
Unfavorable Report by Economic Matters
Senate Action
No Action
Bill indexed under the following Subjects:
HOUSING -see also- APARTMENTS; CONDOMINIUMS; MOBILE HOMES
INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
MORTGAGES
REAL PROPERTY
Bill affects the following Statute:
Real Property
( 14-104.2 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered
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