IN HB1113 | 2024 | Regular Session

Indiana House Bill 1113

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 8 2024 - 25% progression
Action: 2024-01-08 - First reading: referred to Committee on Financial Institutions
Pending: House Financial Institutions Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Purchase of single family residences. Provides that an investment firm may not enter into an executory contract for the purchase of a single family residence until not less than 90 days after the residence is listed for sale. Requires an investment firm to be represented by a real estate broker who: (1) is licensed in Indiana; and (2) is not an employee of the investment firm or any of its subsidiaries; to enter into an executory contract for the purchase of a single family residence.

Title

Purchase of single family residences.

History

Date	Chamber	Action
2024-01-08	House	First reading: referred to Committee on Financial Institutions
2024-01-08	House	Authored by Representative Pryor

Indiana State Sources

Type	Source
Summary	https://iga.in.gov/legislative/2024/bills/house/1113/details
Text	https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1113/HB1113.01.INTR.pdf
Supplement	https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1113/fiscal-notes/HB1113.01.INTR.FN001.pdf