2004 Regular Session

SENATE BILL 371

File Code: Real Property
Sponsored By:
Senator Haines
Entitled:
Real Property - Residential Property Disclaimer and Disclosure Statements - Latent Defect

Synopsis:

Requiring that a residential property disclaimer statement state that a vendor represents and warrants that the vendor has no actual knowledge of latent defects in the real property or improvements on the real property except as disclosed on the residential property disclaimer statement and that a purchaser will receive real property "as is", with all defects, including latent defects, that may exist, except as otherwise provided in the contract of sale of real property; etc.

History by Legislative Date

Senate Action
2/4
First Reading Judicial Proceedings
2/11
Hearing 2/17 at 1:00 p.m.
3/17
Favorable Report by Judicial Proceedings
3/18
Favorable Report Adopted
Second Reading Passed
3/22
Third Reading Passed (46-0)
House Action
3/23
First Reading Environmental Matters
3/26
Hearing 4/2 at 1:00 p.m.
4/6
Unfavorable Report by Environmental Matters
Bill indexed under the following Subjects:
CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES
DISCLOSURE
FORMS
HOUSING -see also- APARTMENTS; CONDOMINIUMS; MOBILE HOMES
REAL PROPERTY
WARRANTIES
Bill affects the following Statute:
Real Property
( 10-702 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered
Roll Call Vote (Legislative date is shown):
Senate
March 22, 2004: Third Reading Passed (46-0)