Legislation - HB1029

Title: Real Property - Termination of Residential Real Estate Contracts - Contingency Clauses
Sponsored by: Delegates Roberts, Griffith, Harrison, A. Johnson, Patterson, Taylor, Toles, Turner, White Holland, Wims, and Woods
Status: In the House - First Reading Economic Matters
Analysis

Synopsis

Altering the definition of "contingency clause" as the term applies to the circumstances under which a residential real estate contract may be terminated by a purchaser; and altering the time period from 30 days to 5 days, within which a holder of trust money must distribute trust money to a purchaser.

Committees

Original:: Economic Matters

Details

Cross-filed with: SB0691

Bill File Type: Regular

Effective Date(s): October 1, 2026

History

Legislation History
Chamber House Calendar Date 2/09/2026 Legislative Date 2/09/2026 Action First Reading Economic Matters Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Real Property - Termination of Residential Real Estate Contracts - Contingency Clauses Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/09/2026	2/09/2026	First Reading Economic Matters
			Text - First - Real Property - Termination of Residential Real Estate Contracts - Contingency Clauses

File Code

Subjects

Statutes