File Code: Real Property
- Sponsored By:
-
Delegate Barnes
- Entitled:
-
Real Property - Foreclosures - Homeowner's Right to Rescind Sales Contract
Providing that a homeowner of a residence in foreclosure has the right
to rescind a contract for the sale of the residence in foreclosure
within 3 business days after the date the sales contract is executed;
providing for the form and transmittal of the notice of rescission;
requiring a homeowner to repay funds paid or advanced by the purchaser
under specified circumstances; providing that specified provisions in
a sales contract are void; etc.
Legislative date is used to record
history occuring in the Chambers
otherwise Calendar date is used.
House Action
- 9/27
- Pre-filed
- 1/9
- First Reading Environmental Matters
- 1/30
- Hearing 2/21 at 1:00 p.m.
- 1/31
- Hearing cancelled
- Hearing 2/21 at 3:00 p.m.
- 2/6
- Hearing cancelled
- Hearing 2/22 at 1:00 p.m.
- 3/17
- Unfavorable Report by Environmental Matters
Senate Action
- No Action
Bill indexed under the following Subjects:
- Contracts -see also- Land Installment Contracts; Procurement
- Foreclosure
- Land Records -see also- Deeds
- Notices
- Real Property
Bill affects the following Statutes:
- Real Property
- (
7-301 ,
10-706
)
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled
- Fiscal and Policy Note (Displayed in PDF Format):
Available
- Amendments:
None offered
