File Code: Real Property
- Sponsored By:
-
Senator Peters
- Entitled:
-
Real Property - New Home Sales Contracts - Financing Contingency Clauses
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.
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
)
- 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)