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1999 SESSION

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SB 1278 Real estate settlement practices and agent registration.

Introduced by: Warren E. Barry | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Real estate settlement practices; real estate settlement agent registration. Establishes the Real Estate Settlement Agent Registration Act, governing the qualifications and financial responsibility obligations of persons conducting real estate settlements not covered by the Consumer Real Estate Settlement Protection Act (CRESPA). Under the provisions of this bill, lay settlement agents (defined as a person who is not a licensed attorney or a party to a real estate transaction and provides closing or settlement services in a real estate transaction) must comply with the requirements of CRESPA.

FULL TEXT

• 01/21/99  Senate: Presented & ordered printed 996481607  pdf
• 02/26/99  Senate: Bill text as passed Senate and House (SB1278ER)  pdf
• 04/06/99  Governor: Acts of Assembly Chapter text (CHAP0647)  pdf

HISTORY

• 01/21/99  Senate: Presented & ordered printed 996481607
• 01/21/99  Senate: Referred to Committee on Commerce and Labor
• 01/25/99  Senate: Reported from Commerce and Labor (15-Y 0-N)
• 01/26/99  Senate: Constitutional reading dispensed (39-Y 0-N)
• 01/26/99  Senate: VOTE: CONST. RDG. DISPENSED R (39-Y 0-N)
• 01/27/99  Senate: Read second time and engrossed
• 01/28/99  Senate: Read third time and passed Senate (37-Y 0-N 3-A)
• 01/28/99  Senate: VOTE: PASSAGE (37-Y 0-N 3-A)
• 01/28/99  Senate: Rec. of passage agreed to by Senate (39-Y 0-N)
• 01/28/99  Senate: VOTE: RECONSIDER (39-Y 0-N)
• 01/28/99  Senate: Passed Senate (34-Y 0-N 5-A)
• 01/28/99  Senate: VOTE: PASSAGE (34-Y 0-N 5-A)
• 01/28/99  Senate: Communicated to House
• 01/29/99  House: Placed on Calendar
• 02/01/99  House: Read first time
• 02/01/99  House: Referred to Committee on Corporations, Insurance and Banking
• 02/16/99  House: Reported from Corp., Ins. & Banking (19-Y 7-N)
• 02/17/99  House: Read second time
• 02/18/99  House: Read third time
• 02/18/99  House: Passed House (95-Y 4-N)
• 02/18/99  House: VOTE: PASSAGE (95-Y 4-N 1-A)
• 02/26/99  Senate: Bill text as passed Senate and House (SB1278ER)
• 03/01/99  Senate: Enrolled
• 03/01/99  House: Signed by Speaker
• 03/03/99  Senate: Signed by President
• 03/28/99  Governor: Approved by Governor-Chapter 647 (effective 7/1/99)
• 04/06/99  Governor: Acts of Assembly Chapter text (CHAP0647)