HOUSE BILL 1073

File Code: Business Regulation and Occupations

Sponsored By:

Delegate Haddaway-Riccio

Entitled:

Real Estate Brokers - Guaranty Fund - Claims and Repayment

Synopsis:

Increasing the amount that a person may recover for each claim against the Real Estate Guaranty Fund to $35,000; providing that interest on the amount paid by the Guaranty Fund does not begin to accrue for 3 months; decreasing to 6% the interest rate charged to a licensee if the licensee has entered into a specified repayment plan; requiring the State Real Estate Commission to allow a licensee, on request, to enter into a plan to repay the Guaranty Fund within a reasonable period of time, not exceeding 4 years; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used. For explanation of terms click here.

House Action

2/10

First Reading Economic Matters

2/15

Hearing 3/14 at 1:00 p.m.

Senate Action

No Action

Bill indexed under the following Subjects:

Agents and Brokers

Committees and Commissions -see also- Political Committees

Discipline

Interest

Licenses -see also- Alcoholic Bev Lic; Drivers' Licenses

Penalties and Sentences -see also- Death Penalty

Real Estate -see also- Agents and Brokers

Revenue and Taxes -see also- Dev Fees &Taxes; specific tax

Bill affects the following Statutes:

Business Occupations and Professions

( 17-404 , 17-411 , 17-412 , 17-413 )

Documents

All documents except Roll Call Votes are displayed in PDF format:

Bill Text: First Reading, Third Reading, Enrolled

Fiscal and Policy Note: Available

Amendments: None offered