Passed BothConf. Cmte
- Real Estate - Real Estate Brokerage Services and Termination of Residential Real Estate Contracts (The Anthony Moorman Act)
- Sponsored by
- Delegates C. Branch, T. Branch, Charles, Foley, Guyton, Harrison, Henson, Hill, Jackson, D. Jones, R. Jones, Patterson, Prettyman, Qi, Sample-Hughes, Smith, Valderrama, and Wells
- In the House - Hearing 2/22 at 1:00 p.m.
- Fiscal and Policy Note
Requiring a real estate broker or an escrow agent, if a purchaser terminates a certain transaction under certain circumstances, to distribute trust money to the purchaser within 30 days after a certain written notice of the termination is sent; requiring a holder of trust money who makes a certain distribution to notify the seller and purchaser of the distribution within a certain period of time; establishing that a holder of trust money may not be held liable for a certain decision to distribute the trust money; etc.
Bill File Type: Regular
Effective Date(s): October 1, 2022
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( 17-101, 17-501, 17-505 )
( 10-802, 10-803 )
Last Updated: 7/8/2022 2:24 PM