2009 Regular Session

SENATE BILL 657

CHAPTER NUMBER: 92
File Code: Real Property
Sponsored By:
Senator Peters
Entitled:
Real Property - New Home Sales Contracts - Financing Contingency Clauses

Synopsis:

Requiring a contract for the sale of a new home to be contingent on the buyer obtaining a written commitment for a loan secured by the property unless the contract states otherwise; and requiring the contract to state the maximum loan interest rate the purchaser is obligated to accept if the contract is contingent on the buyer obtaining a written commitment for a loan secured by the property.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
Senate Action
2/6
First Reading Judicial Proceedings
2/11
Hearing 2/19 at 1:00 p.m.
3/17
Favorable with Amendments Report by Judicial Proceedings
3/18
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/20
Third Reading Passed (44-0)
4/6
Returned Passed
House Action
3/20
First Reading Environmental Matters
3/25
Hearing 4/2 at 1:00 p.m.
4/9
Favorable Report by Environmental Matters
4/3
Favorable Report Adopted
Second Reading Passed
4/4
Third Reading Passed (134-0)
Action after passage in Senate and House
4/14
Approved by the Governor
- Chapter 92

Bill indexed under the following Subjects:

Consumer Protection -see also- Unfair Trade Practices
Contracts -see also- Land Installment Contracts; Procurement
Disclosure
Housing -see also- Apartments; Condominiums; Mobile Homes
Interest
Mortgages
Real Property

Bill affects the following Statutes:

Real Property
( 14-117 , 14-117 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments (Displayed in PDF Format):
Senate
Number: 658273/01     Offered on: March 18, 2009   at: 11:31 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
March 20, 2009: Third Reading Passed (44-0)
House
April 4, 2009: Third Reading Passed (134-0)