HOUSE BILL 654

Sponsored By:

Prince George's County Delegation

Entitled:

New Homes - Escrow Accounts for Complaints PG 413-98

Synopsis:

Requiring new home builders to place specified sums of money into escrow accounts to cover complaints of purchasers relating to implied warranties about new homes; requiring that the escrow accounts be segregated and maintained for specified periods of time; providing that the Act is not intended to limit other actions of recovery; and generally relating to establishing escrow accounts to cover complaints of new home purchasers relating to implied warranties.

History by Legislative Date

House Action

2/9

First Reading Economic Matters

2/11

Hearing 2/25 at 1:00 p.m.

3/2

Withdrawn

Senate Action

No Action

Bill indexed under the following Subjects:

CIVIL ACTIONS -see also- SMALL CLAIMS

CONSUMER PROTECTION -see also- ADVTG.; LABELING; WARRANTIES.

CONTRACTORS -see also- HEATING & COOLING; HOME IMPROVEMENT

ESCROW ACCOUNTS

HOUSING -see also- APARTMENTS; CONDOMINIUMS; MOBILE HOMES

WARRANTIES

Bill affects the following Statute:

Real Property

( 10-203 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered