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2024 SESSION
SB 576 Unfair Real Estate Service Agreement Act; created, consumer protections.
Introduced by: Adam P. Ebbin | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Consumer protection; creation of Unfair Real Estate Service Agreement Act. Creates the Unfair Real Estate Service Agreement Act and adds any violations of the Act to the list of prohibited violations of relevant consumer protection laws in the Commonwealth. The bill prohibits any real estate service agreement, defined in the bill, that is effective and binding for more than one year from its effective date from (i) purporting to run with the land or bind future owners of interests in the residential real property identified in the service agreement; (ii) allowing the service provider to assign or transfer the right to provide services under the service agreement without notice to and written agreement of all parties to the service agreement; or (iii) purporting to create a lien, encumbrance, or other real property security interest on the residential real property identified in the service agreement. This bill is identical to HB 1243.
FULL TEXT
- 01/10/24 Senate: Prefiled and ordered printed; offered 01/10/24 24101370D pdf | impact statement
- 02/15/24 House: Committee substitute printed 24107740D-H1 pdf | impact statement
- 02/27/24 Senate: Bill text as passed Senate and House (SB576ER) pdf | impact statement
- 04/02/24 Governor: Acts of Assembly Chapter text (CHAP0362) pdf
HISTORY
- 01/10/24 Senate: Prefiled and ordered printed; offered 01/10/24 24101370D
- 01/10/24 Senate: Referred to Committee on General Laws and Technology
- 01/24/24 Senate: Reported from General Laws and Technology (15-Y 0-N)
- 01/26/24 Senate: Constitutional reading dispensed (37-Y 0-N)
- 01/29/24 Senate: Read second time and engrossed
- 01/30/24 Senate: Read third time and passed Senate (40-Y 0-N)
- 02/13/24 House: Placed on Calendar
- 02/13/24 House: Read first time
- 02/13/24 House: Referred to Committee on General Laws
- 02/15/24 House: Reported from General Laws with substitute (22-Y 0-N)
- 02/15/24 House: Committee substitute printed 24107740D-H1
- 02/19/24 House: Read second time
- 02/20/24 House: Read third time
- 02/20/24 House: Committee substitute agreed to 24107740D-H1
- 02/20/24 House: Engrossed by House - committee substitute SB576H1
- 02/20/24 House: Passed House with substitute (93-Y 4-N)
- 02/20/24 House: VOTE: Passage (93-Y 4-N)
- 02/22/24 Senate: House substitute agreed to by Senate (40-Y 0-N)
- 02/22/24 Senate: Title replaced 24107740D-H1
- 02/27/24 Senate: Enrolled
- 02/27/24 Senate: Bill text as passed Senate and House (SB576ER)
- 02/27/24 House: Signed by Speaker
- 03/01/24 Senate: Signed by President
- 03/11/24 Senate: Enrolled Bill Communicated to Governor on March 11, 2024
- 03/11/24 Governor: Governor's Action Deadline 11:59 p.m., April 8, 2024
- 04/02/24 Governor: Approved by Governor-Chapter 362 (effective 7/1/24)
- 04/02/24 Governor: Acts of Assembly Chapter text (CHAP0362)