HOUSE BILL 1012

Sponsored By:

Delegate Proctor

Entitled:

Real Property - Home Builders - Disclosures in Contracts of Sale

Synopsis:

Requiring that a home builder that agrees to provide a community amenity to a community development must include in the contract of sale the date by which the community amenity will be available; requiring a home builder to return 10% of the contract price to the purchaser if the home builder fails to include the information in the contract or fails to provide the amenity by the date specified; etc.

History by Legislative and Calendar Date

House Action

2/9

First Reading Economic Matters

2/21

Hearing 3/15 at 1:00 p.m.

3/22

Unfavorable Report by Economic Matters

Senate Action

No Action

Bill indexed under the following Subjects:

Community Facilities and Services

Consumer Protection -see also- Unfair Trade Practices

Contractors -see also- Heating & Cooling; Home Improvement

Contracts -see also- Land Installment Contracts; Procurement

Disclosure

Real Property

Recreation

Bill affects the following Statute:

Real Property

( 10-705 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal and Policy Note (Displayed in PDF Format): Available

Amendments: None offered