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2019 SESSION

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SB 1374 Condominium Act; penalties.

Introduced by: Bill R. DeSteph, Jr. (by request) | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Condominium Act; penalties. Provides that any person who willfully violates any provision of the Condominium Act is guilty of a misdemeanor the penalty for which, for each such violation, is (i) a fine of not less than $1,000 or double the amount of gain from the transaction, whichever is greater, but not more than $50,000; (ii) a jail sentence of not more than six months; or (iii) the penalties in both clauses (i) and (ii). Under current law, this penalty is applicable to certain provisions of the Act, including failure to comply with filing and registration requirements, public offering statements, and escrow of deposits.

FULL TEXT

• 01/08/19  Senate: Prefiled and ordered printed; offered 01/09/19 19100293D  pdf | impact statement

HISTORY

• 01/08/19  Senate: Prefiled and ordered printed; offered 01/09/19 19100293D
• 01/08/19  Senate: Referred to Committee on General Laws and Technology
• 01/21/19  Senate: Passed by indefinitely in General Laws and Technology (10-Y 4-N)