HB1183 (CH0472)

Find a 2015 Bill:

2015 Regular Session



Real Property - Contract for Sale of New Home

Sponsored by:

Delegate Knotts


Approved by the Governor - Chapter 472

Synopsis:Requiring a contract for the initial sale of a new home to include a specified provision under specified circumstances; authorizing a seller or purchaser to declare a specified contract void and of no effect under specified circumstances; requiring a seller to return to a purchaser any deposit paid under a specified contract under specified circumstances; and requiring a deposit held by a licensed real estate broker to be distributed in accordance with specified provisions of law.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Delegate Knotts
Additional Facts:Cross-filed with: SB0649
Bill File Type: Regular
Effective Date(s): October 1, 2015
Environment and TransportationJudicial Proceedings
Broad Subject(s):Real Property
Narrow Subject(s):Agents and Brokers
Contracts -see also- Land Installment Contracts; Procurement
Loans -see also- Mortgages
Real Estate -see also- Agents and Brokers
Statutes:Article - Real Property

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions

October 24, 2017 4:46 P.M.