Bill Text: CT SB00756 | 2015 | General Assembly | Comm Sub
Bill Title: An Act Requiring A State-wide Standardized Contract Form For The Sale Of Residential Real Property.
Spectrum: Committee Bill
Status: (Introduced - Dead) 2015-02-11 - Public Hearing 02/19 [SB00756 Detail]
Download: Connecticut-2015-SB00756-Comm_Sub.html
General Assembly |
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January Session, 2015 |
LCO No. 3321 | ||
*03321SB00756INS* | |||
Referred to Committee on INSURANCE AND REAL ESTATE |
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Introduced by: |
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(INS) |
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AN ACT REQUIRING A STATE-WIDE STANDARDIZED CONTRACT FORM FOR THE SALE OF RESIDENTIAL REAL PROPERTY.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. (NEW) (Effective October 1, 2015) (a) Not later than April 1, 2016, the Commissioner of Consumer Protection shall, by regulations adopted in accordance with the provisions of chapter 54 of the general statutes, prescribe the form of a standardized contract to be used state-wide for the sale of residential real property in the state.
(b) On and after January 1, 2017, the commissioner shall make available the standardized contract form prescribed in accordance with subsection (a) of this section to the Division of Real Estate, all municipal town clerks, the Connecticut Association of Realtors, Inc., and any other person or institution that the commissioner believes would aid in the dissemination and distribution of such form. The commissioner shall also cause information concerning such form and the completion of such form to be disseminated in a manner best calculated, in the commissioner's judgment, to reach members of the public, attorneys and real estate licensees.
This act shall take effect as follows and shall amend the following sections: | ||
Section 1 |
October 1, 2015 |
New section |
Statement of Purpose:
To require the Commissioner of Consumer Protection to prescribe the form of a standardized contract to be used state-wide for the sale of residential real property in the state.
[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]