- District 72
Defines "principal dwelling land contract" (contract) as a land contract for the sale of real property: (1) designed for the occupancy of one to two families; and (2) that is or will be occupied by the buyer as the buyer's principal dwelling. Provides that the seller under a contract must provide the buyer with certain disclosures at least 10 days before the contract is executed. Sets forth disclosures that must be included in a contract. Provides a three day cancellation period for the buyer. Specifies certain recording provisions for principal dwelling land contracts. Provides that a violation of disclosure provisions constitutes a deceptive act under the deceptive consumer sales act.
Referred to the Senate
Third reading: passed; Roll Call 159: yeas 84, nays 9
Senate sponsors: Senators Ford Jon and Ford J.D.
Representatives Burton, Fleming, Pryor added as coauthors
Amendment #1 (Clere) prevailed; voice vote
Second reading: amended, ordered engrossed
Committee report: amend do pass, adopted
Authored by Representative Clere
|Bill Text Versions||Format|
|Introduced House Bill (H)|
|House Bill (H)|
|Engrossed House Bill (S)|
|Fiscal Note: HB1191.03.ENGH.FN001|
|Fiscal Note: HB1191.03.ENGH.FN002|
|Fiscal Note: HB1191.02.COMH.FN001|
|Floor Amendment: HB1191.02.COMH.AMH001|
|Committee Report: HB1191.01.INTR.CRH001|
|Fiscal Note: HB1191.01.INTR.FN001|
|Committee Amendment: HB1191.01.INTR.AMH01|
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