MD SB160 | 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: 2025-01-09 - Hearing 1/23 at 1:00 p.m.
Pending: Senate Judicial Proceedings Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 8 2025 - 25% progression
Action: 2025-01-09 - Hearing 1/23 at 1:00 p.m.
Pending: Senate Judicial Proceedings Committee
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 |
|---|---|---|
| 2025-01-09 | Senate | Hearing 1/23 at 1:00 p.m. |
| 2025-01-08 | Senate | First Reading Judicial Proceedings |
| 2024-07-20 | Senate | Pre-filed |
Same As/Similar To
HB124 (Crossfiled) 2025-01-13 - Hearing 1/28 at 2:00 p.m.
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
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 |
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0160?ys=2025RS |
| Text | https://mgaleg.maryland.gov/2025RS/bills/sb/sb0160f.pdf |
