Unfair Real Estate Service Agreement Act; created, consumer protections. (SB576)

Introduced By

Sen. Adam Ebbin (D-Alexandria) with support from co-patron Sen. Suhas Subramanyam (D-Ashburn)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Consumer protection; creation of Unfair Real Estate Service Agreement Act. Creates the Unfair Real Estate Service Agreement Act and adds any violations of the Act to the list of prohibited violations of relevant consumer protection laws in the Commonwealth. The bill prohibits any real estate service agreement, defined in the bill, that is effective and binding for more than one year from its effective date from (i) purporting to run with the land or bind future owners of interests in the residential real property identified in the service agreement; (ii) allowing the service provider to assign or transfer the right to provide services under the service agreement without notice to and written agreement of all parties to the service agreement; or (iii) purporting to create a lien, encumbrance, or other real property security interest on the residential real property identified in the service agreement. This bill is identical to HB 1243. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/10/2024Prefiled and ordered printed; offered 01/10/24 24101370D
01/10/2024Referred to Committee on General Laws and Technology
01/24/2024Reported from General Laws and Technology (15-Y 0-N) (see vote tally)
01/26/2024Constitutional reading dispensed (37-Y 0-N) (see vote tally)
01/29/2024Read second time and engrossed
01/30/2024Impact statement from DPB (SB576)
01/30/2024Read third time and passed Senate (40-Y 0-N) (see vote tally)
02/13/2024Placed on Calendar
02/13/2024Read first time
02/13/2024Referred to Committee on General Laws
02/15/2024Reported from General Laws with substitute (22-Y 0-N) (see vote tally)
02/15/2024Committee substitute printed 24107740D-H1
02/19/2024Read second time
02/20/2024Read third time
02/20/2024Committee substitute agreed to 24107740D-H1
02/20/2024Engrossed by House - committee substitute SB576H1
02/20/2024Passed House with substitute (93-Y 4-N)
02/20/2024VOTE: Passage (93-Y 4-N) (see vote tally)
02/22/2024House substitute agreed to by Senate (40-Y 0-N) (see vote tally)
02/22/2024Title replaced 24107740D-H1
02/26/2024Impact statement from DPB (SB576H1)
02/27/2024Enrolled
02/27/2024Bill text as passed Senate and House (SB576ER)
02/27/2024Impact statement from DPB (SB576ER)
02/27/2024Signed by Speaker
03/01/2024Signed by President
03/11/2024Enrolled Bill Communicated to Governor on March 11, 2024
03/11/2024G Governor's Action Deadline 11:59 p.m., April 8, 2024
04/02/2024G Approved by Governor-Chapter 362 (effective 7/1/24)
04/02/2024G Acts of Assembly Chapter text (CHAP0362)

Duplicate Bills

The following bills are identical to this one: HB1243.

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