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2021 SESSION
SB 1389 Real property; required disclosures for buyer to exercise due diligence, flood risk report.
Introduced by: Lynwood W. Lewis, Jr. | all patrons ... notes | add to my profiles
SUMMARY AS PASSED SENATE: (all summaries)
Property; flood risk information form. Requires the Real Estate Board (the Board) to make available on its website a flood risk information form, the details of which are outlined in the bill. The bill also provides that an owner of residential real property located in the Commonwealth who has actual knowledge that the dwelling unit is a repetitive risk loss structure, as defined in the bill, shall disclose such fact to the purchaser on a form provided by the Real Estate Board on its website. The bill has a delayed effective date of January 1, 2022.
FULL TEXT
- 01/13/21 Senate: Prefiled and ordered printed; offered 01/13/21 21102797D pdf | impact statement
- 01/27/21 Senate: Committee substitute printed 21103860D-S1 pdf | impact statement
- 02/04/21 Senate: Printed as engrossed 21103860D-ES1 pdf
AMENDMENTS
HISTORY
- 01/13/21 Senate: Prefiled and ordered printed; offered 01/13/21 21102797D
- 01/13/21 Senate: Referred to Committee on General Laws and Technology
- 01/27/21 Senate: Committee substitute printed 21103860D-S1
- 01/27/21 Senate: Reported from General Laws and Technology with substitute (14-Y 0-N)
- 01/27/21 Senate: Rereferred to Finance and Appropriations
- 02/03/21 Senate: Reported from Finance and Appropriations with amendment (15-Y 0-N)
- 02/03/21 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/04/21 Senate: Read second time
- 02/04/21 Senate: Reading of substitute waived
- 02/04/21 Senate: Committee substitute agreed to 21103860D-S1
- 02/04/21 Senate: Reading of amendment waived
- 02/04/21 Senate: Committee amendment agreed to
- 02/04/21 Senate: Engrossed by Senate - committee substitute with amendment SB1389ES1
- 02/04/21 Senate: Printed as engrossed 21103860D-ES1
- 02/04/21 Senate: Constitutional reading dispensed (38-Y 0-N)
- 02/04/21 Senate: Passed Senate (39-Y 0-N)
- 02/07/21 House: Placed on Calendar
- 02/07/21 House: Read first time
- 02/07/21 House: Referred to Committee on General Laws
- 02/08/21 House: Continued to Special Session 1 in General Laws by voice vote