MD HB124 | 2025 | Regular Session
Note: Carry Over of previous HB1408
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 8 2025 - 25% progression
Action: 2025-02-10 - Favorable with Amendments Report by Environment and Transportation
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 8 2025 - 25% progression
Action: 2025-02-10 - Favorable with Amendments Report by Environment and Transportation
Text: Latest bill text (Introduced) [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
History
| Date | Chamber | Action |
|---|---|---|
| 2025-02-10 | House | Favorable with Amendments Report by Environment and Transportation |
| 2025-01-13 | House | Hearing 1/28 at 2:00 p.m. |
| 2025-01-13 | House | Hearing canceled |
| 2025-01-08 | House | Hearing 1/28 at 1:00 p.m. |
| 2025-01-08 | House | First Reading Environment and Transportation |
| 2024-07-20 | House | Pre-filed |
Same As/Similar To
SB160 (Crossfiled) 2025-02-07 - Referred Environment and Transportation
HB1408 (Carry Over) 2024-03-20 - Hearing 3/27 at 1:00 p.m.
HB1408 (Carry Over) 2024-03-20 - Hearing 3/27 at 1:00 p.m.
Subjects
Agents and Brokers
Contracts
Disclosure
Real Estate
Real Property
Residential Property
Titles
Wholesale Distribution
Contracts
Disclosure
Real Estate
Real Property
Residential Property
Titles
Wholesale Distribution
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Real Property | 10 | 715 | (n/a) | See Bill Text |
| Real Property | 14 | 117 | (n/a) | See Bill Text |
