2001 Regular Session

HOUSE BILL 460

CHAPTER NUMBER: 228 File Code: Real Property
Sponsored By:
Delegates Moe, Brown, and Harrison
Entitled:
Real Estate Brokers - Deposit of Trust Money

Synopsis:

Requiring a real estate broker to deposit trust money promptly, but not more than 7 business days after the acceptance of a contract of sale by both parties, in an account that is maintained by the real estate broker.

History by Legislative Date

House Action
2/2
First Reading Economic Matters
2/7
Hearing 2/13 at 1:00 p.m.
2/9
Hearing cancelled
Hearing 2/13 at 2:00 p.m.
2/26
Favorable with Amendments Report by Economic Matters
2/27
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/2
Third Reading Passed (128-3)
3/31
House Concur - Senate Amendments
Third Reading Passed (134-1)
Passed Enrolled
4/20
Signed by the Governor Chapter 228
Senate Action
3/5
First Reading Economic and Environmental Affairs
3/7
Hearing 3/20 at 1:00 p.m.
3/27
Favorable with Amendments Report by Economic and Environmental Affairs
3/28
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/29
Third Reading Passed with Amendments (45-0)
Sponsored by:
Delegate Brian R. Moe, District 21
Delegate Anthony G. Brown, District 25
Delegate Hattie N. Harrison, District 45
Bill indexed under the following Subjects:
AGENTS AND BROKERS
CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES
ESCROW ACCOUNTS
REAL ESTATE -see also- AGENTS AND BROKERS
Bill affects the following Statute:
Business Occupations and Professions
( 17-502 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled (PDF)
Fiscal Note: Available (PDF)
Amendments:
House
Number: 113490/1 (PDF)     Offered on: February 27, 2001   at: 11:11 a.m.     Status: Adopted
Senate
Number: 214531/1 (PDF)     Offered on: March 28, 2001   at: 11:05 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
March 2, 2001: Third Reading Passed (128-3)
March 31, 2001: Third Reading Passed (134-1)
Senate
March 29, 2001: Third Reading Passed (45-0)