Legislation - SB0160

Title: Residential Property - Assignment of Contracts of Sale - Disclosure Requirements and Rescission
Sponsored by: Senator Waldstreicher
Status: In the Senate - Hearing 1/23 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Authorizing a seller and buyer of certain residential property to rescind a contract of sale without penalty at any time before closing if a certain seller does not provide a certain notice; establishing that a buyer is entitled to a refund of any deposit paid for the purchase of residential real property under certain circumstances; requiring that a contract of sale comply with the requirements of the Act; and applying the Act prospectively.

Committees

Original:: Judicial Proceedings

Details

Cross-filed with: HB0124

Introduced in a prior session as: HB1408 Session: 2024 Regular Session

Bill File Type: Pre-Filed

Effective Date(s): October 1, 2025

History

Legislation History
Chamber Senate Calendar Date 7/20/2024 Legislative Date 7/20/2024 Action Pre-filed Proceedings
Chamber Senate Calendar Date 1/08/2025 Legislative Date 1/08/2025 Action First Reading Judicial Proceedings Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Residential Property - Assignment of Contracts of Sale - Disclosure Requirements and Rescission Proceedings
Chamber Senate Calendar Date 1/09/2025 Legislative Date 1/09/2025 Action Hearing 1/23 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	7/20/2024	7/20/2024	Pre-filed
Senate	1/08/2025	1/08/2025	First Reading Judicial Proceedings
			Text - First - Residential Property - Assignment of Contracts of Sale - Disclosure Requirements and Rescission
Senate	1/09/2025	1/09/2025	Hearing 1/23 at 1:00 p.m.

File Code

Subjects

Statutes