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Legislation


1997 Regular Session

SENATE BILL 471

File Code: Business Regulation and Occupations Crossfiled with: HOUSE BILL 558
Sponsored By:
Senator Della
Entitled:
Morticians and Cemeteries - Preneed Contracts - Trust and Escrow Requirements

Synopsis:

Changing the trust and escrow requirements for specified sellers of preneed contracts for funeral and cemetery goods and services; providing that a buyer of a preneed burial contract may receive a refund at any time; providing for the distribution of accrued income between the buyer and seller of a preneed contract; requiring sellers of preneed contracts to provide specified disclosures and price lists to buyers; specifying reporting requirements for specified sellers of preneed contracts; etc.

Legislative History

Senate Action
1/30
First Reading Finance
Hearing 2/12 at 1:00 p.m.
3/10
Unfavorable Report by Finance
House Action
No Action
Bill indexed under the following Subjects:
AUDITORS AND AUDITS
CEMETERIES
CONSUMER PROTECTION -see also- ADVTG.; LABELING; WARRANTIES.
CONTRACTS -see also- LAND INSTALLMENT CONTRACTS; PROCUREMENT
DISCLOSURE
ESCROW ACCOUNTS
FUNERALS
INTEREST
MORTICIANS
PRICES
REPORTS -see also- RECORDS
TITLES
Bill affects the following Statutes:
Business Regulation
( 5-401 , 5-404 , 5-405 , 5-409 , 5-410 )
Health Occupations
( 7-405 , 7-405 )

Documents:

Bill Text:
First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
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