BILL · 1997–98 SESSION
SB 5887: Real estate contract insurnc
Requiring property insurance on the security interest in a real estate contract.
Summary
- Purchasers of real estate financed by a contract with payments secured by a single family residence or mobile home are required to obtain property insurance satisfactory to the seller, and naming seller as the loss payee. Purchasers are required to provide ongoing evidence of coverage.
From the Senate Bill Report (SB 5887), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not pass Did not pass · died in committee
- IntroducedFeb 18, 1997
- Out of committeestopped here
- Passed Senate
- Passed House
- Governor
- Law
- Prime sponsor
- Valoria Loveland (D-16)
- Introduced
- February 18, 1997 in the Senate
- Last action
- January 12, 1998
Sponsors
Prime sponsor: Valoria Loveland (D-16)
Votes
No recorded floor votes. This measure never reached a floor vote.
History
The Legislature's online data doesn't include step-by-step history for sessions before 2001. Its final status is shown above, and the official bill page may have more.
SB 5887 in other sessions
Bill numbers restart every two years, so the same number is a different bill in each session.
- SB 5887 (2025–26) Transfers to charities
- SB 5887 (2023–24) Public accountancy act
- SB 5887 (2021–22) Special session procedures
- SB 5887 (2019–20) Prior authorization
- SB 5887 (2017–18) Resid. habilitation centers
- SB 5887 (2015–16) Leases/N. St. Hospital site
- SB 5887 (2013–14) Medical and rec. marijuana
- SB 5887 (2011–12) Human services T.O.