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2024 SESSION
HB 1243 Unfair Real Estate Service Agreement Act; created, consumer protections.
Introduced by: Michelle Lopes Maldonado | all patrons ... notes | add to my profiles
SUMMARY AS PASSED HOUSE: (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 SB 576.
FULL TEXT
- 01/10/24 House: Prefiled and ordered printed; offered 01/10/24 24104485D pdf | impact statement
- 02/09/24 House: Printed as engrossed 24104485D-E pdf | impact statement
- 02/29/24 House: Bill text as passed House and Senate (HB1243ER) pdf | impact statement
- 04/02/24 Governor: Acts of Assembly Chapter text (CHAP0328) pdf
AMENDMENTS
HISTORY
- 01/10/24 House: Prefiled and ordered printed; offered 01/10/24 24104485D
- 01/10/24 House: Referred to Committee on General Laws
- 01/26/24 House: Assigned GL sub: Housing/Consumer Protection
- 02/01/24 House: Subcommittee recommends reporting (8-Y 0-N)
- 02/06/24 House: Reported from General Laws with amendment(s) (20-Y 0-N)
- 02/08/24 House: Read first time
- 02/09/24 House: Read second time
- 02/09/24 House: Committee amendment agreed to
- 02/09/24 House: Engrossed by House as amended HB1243E
- 02/09/24 House: Printed as engrossed 24104485D-E
- 02/12/24 House: Read third time and passed House (98-Y 2-N)
- 02/12/24 House: VOTE: Passage (98-Y 2-N)
- 02/13/24 Senate: Constitutional reading dispensed
- 02/13/24 Senate: Referred to Committee on General Laws and Technology
- 02/21/24 Senate: Reported from General Laws and Technology (13-Y 0-N)
- 02/23/24 Senate: Constitutional reading dispensed (38-Y 0-N)
- 02/26/24 Senate: Read third time
- 02/26/24 Senate: Passed Senate (40-Y 0-N)
- 02/29/24 House: Enrolled
- 02/29/24 House: Bill text as passed House and Senate (HB1243ER)
- 02/29/24 House: Signed by Speaker
- 03/03/24 Senate: Signed by President
- 03/11/24 House: 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 328 (effective 7/1/24)
- 04/02/24 Governor: Acts of Assembly Chapter text (CHAP0328)