WV SB191 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 10 2024 - 25% progression, died in committee
Action: 2024-01-10 - To Judiciary
Pending: Senate Judiciary Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 10 2024 - 25% progression, died in committee
Action: 2024-01-10 - To Judiciary
Pending: Senate Judiciary Committee
Text: Latest bill text (Introduced) [HTML]
Summary
The purpose of this bill is to regulate land installment contracts for the sale of real estate. The bill provides for definitions. The bill lays out land installment contract requirements. The bill provides for vendor requirements. The bill provides for the condition of forfeiture, notice of default, and right to cure. The bill defines the effect of vendor's default on lien on property. The bill defines contrary provisions. The bill defines interest. The bill provides for remedies. Finally, the bill clarifies the Truth in Lending Act.
Title
Relating to real property conveyed by land installment agreement
Sponsors
Sen. Ryan Weld [R] | Sen. Vince Deeds [R] |
History
Date | Chamber | Action |
---|---|---|
2024-01-10 | Senate | To Judiciary |
2024-01-10 | Senate | Introduced in Senate |
2024-01-10 | Senate | To Judiciary |
2024-01-10 | Senate | Filed for introduction |
Subjects
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
37 | 16 | 1 | New Code | See Bill Text |
37 | 16 | 2 | New Code | See Bill Text |
37 | 16 | 3 | New Code | See Bill Text |
37 | 16 | 4 | New Code | See Bill Text |
37 | 16 | 5 | New Code | See Bill Text |
37 | 16 | 6 | New Code | See Bill Text |
37 | 16 | 7 | New Code | See Bill Text |
37 | 16 | 8 | New Code | See Bill Text |
37 | 16 | 9 | New Code | See Bill Text |