Legislation - SB0691

Title: Real Property - Termination of Residential Real Estate Contracts - Contingency Clauses
Sponsored by: Senator McKay
Status: In the Senate - Hearing 3/05 at 1:00 p.m.
Analysis: Fiscal and Policy Note

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 within which a holder of trust money must distribute trust money to a purchaser.

Committees

Original:: Judicial Proceedings

Details

Cross-filed with: HB1029

Bill File Type: Regular

Effective Date(s): October 1, 2026

History

Legislation History
Chamber Senate Calendar Date 2/06/2026 Legislative Date 2/06/2026 Action First Reading Judicial Proceedings Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Real Property - Termination of Residential Real Estate Contracts - Contingency Clauses Proceedings
Chamber Senate Calendar Date 2/12/2026 Legislative Date 2/12/2026 Action Hearing 3/05 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	2/06/2026	2/06/2026	First Reading Judicial Proceedings
			Text - First - Real Property - Termination of Residential Real Estate Contracts - Contingency Clauses
Senate	2/12/2026	2/12/2026	Hearing 3/05 at 1:00 p.m.

File Code

Subjects

Statutes