BILL · 2009–10 SESSION

SB 5221: Distressd proprty conveyance

Regarding distressed property conveyances.

Summary

  • Exempts licensed real estate brokers and salespersons from the definition of "distressed home consultant" when the broker or salesperson is providing services governed under the real estate brokerage laws and the services do not result in a distressed home conveyance.
  • Specifies that offering certain services does not make a person a distressed home consultant when the homeowner is represented by an attorney or a licensed real estate broker or salesperson in the transaction.
  • Changes the definitions of "dwelling" and "homeowner."

From the House Bill Report (SB 5221), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 15, Laws of 2009
  1. IntroducedJan 16, 2009
  2. Out of committeeFeb 2, 2009
  3. Passed SenateFeb 25, 2009
  4. Passed HouseMar 16, 2009
  5. GovernorMar 25, 2009
  6. LawMar 25, 2009
Prime sponsor
Rodney Tom (D-48)
Introduced
January 16, 2009 in the Senate
Last action
March 25, 2009
Session law
Chapter 15, Laws of 2009
Requested by
Other
Companion bill
HB 1132
Budget
Has a fiscal note

AN ACT Relating to distressed property conveyances;

Sponsors

Votes

Senate · 3rd Reading & Final Passage

Passed February 25, 2009
Version voted on: SB 5221
48 Yea 0 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat31000
Republican17001
How each member voted

House · Final Passage

Passed March 16, 2009
Version voted on: SB 5221
89 Yea 0 Nay 0 Absent 8 Excused
PartyYeaNayAbsentExcused
Democrat59003
Republican30005
How each member voted

Yea (89)

History

  1. Effective date 3/25/2009.
  2. Chapter 15, 2009 Laws.
  3. Governor signed.
  4. Delivered to Governor.
  5. Speaker signed.
  6. President signed.
  7. Third reading, passed; yeas, 89; nays, 0; absent, 0; excused, 8.
  8. Rules suspended. Placed on Third Reading.
  9. Passed to Rules Committee for second reading.
  10. Placed on second reading.
  11. JUDI - Majority; do pass.
  12. JUDI - Executive action taken by committee.
  13. First reading, referred to Judiciary.
  14. Third reading, passed; yeas, 48; nays, 0; absent, 0; excused, 1.
  15. Rules suspended. Placed on Third Reading.
  16. Placed on second reading by Rules Committee.
  17. LCCP - Majority; do pass.
  18. Passed to Rules Committee for second reading.
  19. First reading, referred to Labor, Commerce & Consumer Protection.

SB 5221 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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