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2018 SESSION

• | print version

HB 1028 Real estate settlement; choice of settlement service provider.

Introduced by: Kelly K. Convirs-Fowler | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Real estate settlement; choice of settlement service provider. Provides that a purchaser or borrower in a transaction related to real estate in the Commonwealth shall have the right to select the settlement agent, mortgage lender or broker, and any other vendor associated with the financing or settlement of such real estate. Currently, such right is limited to the choice of settlement agent. The bill also prohibits the seller or any other party associated with a real estate transaction from requiring the use of, or offering anything of value for the use of, a particular mortgage lender or broker or any other vendor as a condition of the sale.

FULL TEXT

• 01/09/18  House: Prefiled and ordered printed; offered 01/10/18 18102638D  pdf | impact statement

HISTORY

• 01/09/18  House: Prefiled and ordered printed; offered 01/10/18 18102638D
• 01/09/18  House: Referred to Committee on General Laws
• 01/26/18  House: Assigned GL sub: Subcommittee #2
• 02/08/18  House: Subcommittee recommends continuing to 2019 by voice vote
• 02/13/18  House: Left in General Laws