MD HB1408 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Engrossed on March 18 2024 - 50% progression
Action: 2024-03-20 - Hearing 3/27 at 1:00 p.m.
Pending: Senate Judicial Proceedings Committee
Text: Latest bill text (Engrossed) [PDF]
Status: Engrossed on March 18 2024 - 50% progression
Action: 2024-03-20 - Hearing 3/27 at 1:00 p.m.
Pending: Senate Judicial Proceedings Committee
Text: Latest bill text (Engrossed) [PDF]
Summary
Authorizing a seller and buyer of certain residential property to rescind a contract of sale without penalty at any time before closing if a certain seller does not provide a certain notice; establishing that a buyer is entitled to a refund of any deposit paid for the purchase of residential real property under certain circumstances; requiring that a contract of sale comply with the requirements of the Act; and applying the Act prospectively.
Title
Residential Property – Assignment of Contracts of Sale – Disclosure Requirements and Rescission
Sponsors
Roll Calls
2024-03-18 - House - Third Reading Passed (Y: 141 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-03-20 | Senate | Hearing 3/27 at 1:00 p.m. |
| 2024-03-18 | Senate | Referred Judicial Proceedings |
| 2024-03-18 | House | Third Reading Passed (141-0) |
| 2024-03-16 | House | Second Reading Passed with Amendments |
| 2024-03-16 | House | Favorable with Amendments {193521/1 Adopted |
| 2024-03-16 | House | Favorable with Amendments Report by Environment and Transportation |
| 2024-02-12 | House | Hearing 3/05 at 1:00 p.m. |
| 2024-02-09 | House | First Reading Environment and Transportation |
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Real Property | 10 | 714 | (n/a) | See Bill Text |
