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 - Hearing 3/05 at 1:30 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 from 30 days to 5 days, within which a holder of trust money must distribute trust money to a purchaser.

Committees

Original:: Economic Matters Click to view Recorded Media

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 House Calendar Date 2/17/2026 Legislative Date 2/17/2026 Action Hearing 3/05 at 1:00 p.m. Proceedings
Chamber House Calendar Date 3/03/2026 Legislative Date 3/03/2026 Action Hearing canceled Proceedings
Chamber House Calendar Date 3/03/2026 Legislative Date 3/03/2026 Action Hearing 3/05 at 1:30 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	2/09/2026	2/09/2026	First Reading Economic Matters
			Text - First - Real Property - Termination of Residential Real Estate Contracts - Contingency Clauses
House	2/17/2026	2/17/2026	Hearing 3/05 at 1:00 p.m.
House	3/03/2026	3/03/2026	Hearing canceled
House	3/03/2026	3/03/2026	Hearing 3/05 at 1:30 p.m.

File Code

Subjects

Statutes