Legislation - SB0691

Title: Real Property - Termination of Residential Real Estate Contracts - Contingency Clauses
Sponsored by: Senator McKay
Status: In the House - First Reading Economic Matters
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 Click to view Recorded Media

Opposite:: Economic Matters

Committee Testimony

Witness List

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 Vote - Senate - Committee - Judicial Proceedings Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/19/2026 Legislative Date 3/19/2026 Action Favorable Report by Judicial Proceedings Proceedings
Chamber Senate Calendar Date 3/19/2026 Legislative Date 3/03/2026 Action Favorable Adopted Proceedings 42 Click to view Recorded Media
Chamber Senate Calendar Date 3/19/2026 Legislative Date 3/03/2026 Action Second Reading Passed Proceedings 42 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Real Property - Termination of Residential Real Estate Contracts - Contingency Clauses Proceedings
Chamber Senate Calendar Date 3/20/2026 Legislative Date 3/05/2026 Action Third Reading Passed (42-0) Proceedings 44 Click to view Recorded Media
Chamber House Calendar Date 3/21/2026 Legislative Date 3/09/2026 Action Referred Economic Matters Proceedings 46 Click to view Recorded Media

Chamber	Calendar Date	Legislative Date	Action	Proceedings
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.
			Vote - Senate - Committee - Judicial Proceedings	Click to view Recorded Media
Senate	3/19/2026	3/19/2026	Favorable Report by Judicial Proceedings
Senate	3/19/2026	3/03/2026	Favorable Adopted	42 Click to view Recorded Media
Senate	3/19/2026	3/03/2026	Second Reading Passed	42 Click to view Recorded Media
			Text - Third - Real Property - Termination of Residential Real Estate Contracts - Contingency Clauses
Senate	3/20/2026	3/05/2026	Third Reading Passed (42-0)	44 Click to view Recorded Media
House	3/21/2026	3/09/2026	Referred Economic Matters	46 Click to view Recorded Media

File Code

Subjects

Statutes