Legislation

Title: Real Property - Land Installment Contracts - Requirements and Vendor Duties and Limitations
Sponsored by: Delegates Charles and Henson
Status: In the House - Hearing 3/01 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Requiring the vendor to provide a purchaser under a land installment contract with the results of a title search for the property at or before the time the purchaser signs the contract; requiring the inclusion of certain notice, terms, and recitals in a land installment contract formed in the State; altering the percentage of the original cash price of a land installment contract that the purchaser must pay before the purchaser may demand a grant of the deed to the property to the purchaser; etc.

Committees

Original:: Environment and Transportation Click to view Recorded Media

Committee Testimony

Witness List

Details

Bill File Type: Regular

Effective Date(s): October 1, 2022

History

Legislation History
Chamber House Calendar Date 2/10/2022 Legislative Date 2/10/2022 Action First Reading Environment and Transportation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Real Property - Land Installment Contracts - Requirements and Vendor Duties and Limitations Proceedings
Chamber House Calendar Date 2/11/2022 Legislative Date 2/11/2022 Action Hearing 3/01 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	2/10/2022	2/10/2022	First Reading Environment and Transportation
			Text - First - Real Property - Land Installment Contracts - Requirements and Vendor Duties and Limitations
House	2/11/2022	2/11/2022	Hearing 3/01 at 1:00 p.m.

File Code

Subjects

Statutes