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AI Summary: The "Disclosure Requirements for Prospective Purchasers" bill aims to mandate specific disclosures that sellers must provide to potential buyers during real estate transactions. The bill outlines provisions requiring sellers to disclose information about the property's condition, any known defects, environmental hazards, and other relevant details that could impact a buyer's decision. This legislation seeks to enhance transparency in real estate transactions and protect buyers from unforeseen issues or liabilities post-purchase. It aims to ensure that purchasers have access to comprehensive information before finalizing a property transaction, promoting fair dealings between buyers and sellers in the real estate market.
Latest Action: Filed
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Actions (7):
2023-11-21 : Filed
2023-11-30 : Referred to Regulatory Reform & Economic Development Subcommittee
2023-11-30 : Referred to Civil Justice Subcommittee
2023-11-30 : Referred to Commerce Committee
2023-11-30 : Now in Regulatory Reform & Economic Development Subcommittee
2024-01-09 : 1st Reading (Original Filed Version)
2024-03-08 : Died in Regulatory Reform & Economic Development Subcommittee
Democrat Republican