Residential Property - Assignment of Contracts of Sale - Disclosure Requirements and Rescission
What this bill does
Authorizing a seller or assignee 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 an assignee is entitled to a refund of any deposit paid in connection with the assignment of a contract of sale of the residential property under certain circumstances; requiring that a contract of sale comply with the requirements of the Act; and applying the Act prospectively.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (0)
MGA witness list| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Rosenberg, Samuel | House of Delegates | Written (PDF) |
| FAV | Castelli, Williamlobbyist | Rifkin, Weiner, Livingston LLC | Oral + Written (PDF) |
| FAV | Delegate Rosenberg, Delegate Rosenberglegislator | Individual | Oral |
| FAV | Hijazi, Abdullahlobbyist | Individual | Oral |