HB124: Residential Property - Assignment of Contracts of Sale - Disclosure Requirements and Rescission
Legislative Summary
Authorizing a seller or assignee of certain residential property to rescind a contract of sale without penalty at any time before closing if a certain seller does not provide a certain notice; establishing that an assignee is entitled to a refund of any deposit paid in connection with the assignment of a contract of sale of the residential property under certain circumstances; requiring that a contract of sale comply with the requirements of the Act; and applying the Act prospectively.
Demographic Impact
Overall analysis of equity impact
Unlock Full Demographic Insights
Go beyond the overall score.
Gain a deeper understanding of this bill's potential impact across diverse communities, including detailed breakdowns by category and subgroup. Access to this granular analysis helps ensure equitable outcomes.
Enable full analysis features for your organization.
Contact Sales to Learn MoreOr email us directly at sales@legiequity.us.
Bill History
Amendments
Favorable with Amendments 943729/1 Adopted
Favorable with Amendments 943729/1 Adopted
