HB 1649 (2003) -  Sales Disclosures

General Bill by Prieguez (CO-SPONSORS) Rivera
Sales Disclosures: Requires certain disclosure with respect to the transfer of real property located within a flood hazard area, an area with severe constraints for development, an area having sinkhole activity, a wellhead protection area, a priority wetland zone, a habitat conservation area, an airport's environs, an environmental hazard site, or a radon gas zone; provides that the waiver of such requirements is against public policy; provides certain exceptions; specifies the form to be used as the Property Identification Disclosure Statement; provides requirements for identifying information that accompanies the disclosure statement; provides requirements for delivery of the required disclosure statement; provides a limitation with respect to liability for errors, inaccuracy, or omissions; requires a third party that provides information with respect to the disclosure statement to maintain a specified amount of insurance protection; provides that information updates are not required after delivery of the required disclosures; requires that disclosures be made in good faith; provides that the act does not limit or abridge other disclosures required by law; authorizes the amendment of a disclosure; provides for delivery of disclosures; provides requirements for the licensee or broker acting as an agent in a transaction subject to the act; specifies liability for willful or negligent violation or failure to perform.
Effective Date: This act shall take effect July 1, 2003
Last Event: Died on Third Reading Calendar on Friday, May 2, 2003 6:15 PM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: CS/SB 2018 Subject: Sales Disclosures Relationship: Similar
Bill #: CS/SB 1266 Subject: Real Estate Professionals/Regulation Relationship: Compare

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Business Regulation 4/17/2003 11:44:09 AM
Chamber: House Committee: Business Regulation 4/13/2003 12:52:47 PM
Chamber: House Committee: Judiciary 4/9/2003 3:58:31 PM
Chamber: House Committee: Judiciary 4/1/2003 9:12:54 AM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died on Third Reading Calendar Time: 05/02/2003 - 6:15 PM Member: Committee: Version:
Event: H Temporarily postponed, on 3rd Reading Time: 05/01/2003 - 2:51 PM Member: Committee: Version:
Event: H Temporarily postponed, on 3rd Reading Time: 04/30/2003 - 9:15 PM Member: Committee: Version:
Event: H Bill added to Third Reading Calendar Time: 04/29/2003 - 6:17 PM Member: Committee: Version:
Event: H Read 2nd time Time: 04/29/2003 - 3:37 PM Member: Committee: Version:
Event: H Bill added to Special Order Calendar (04/29/2003) Time: 04/27/2003 - 5:30 PM Member: Committee: Version:
Event: H Bill added to Second Reading Calendar Time: 04/18/2003 - 4:35 PM Member: Committee: Version:
Event: H Bill referred to House Calendar Time: 04/18/2003 - 4:35 PM Member: Committee: Version:
Event: H Recommendation: CS by Business Regulation ; Pending Review of CS under Rule 6.3 Time: 04/17/2003 - 12:45 PM Member: Committee: Business Regulation Version:
Event: H Filed timely Time: 04/17/2003 - 12:45 PM Member: Committee: Business Regulation Version:
Event: H Bill passed referred committee Time: 04/17/2003 - 11:36 AM Member: Committee: Business Regulation Version:
Event: H Bill reported out of committee meeting Time: 04/17/2003 - 11:36 AM Member: Committee: Business Regulation Version:
Event: H Bill added to Business Regulation agenda Time: 04/10/2003 - 4:03 PM Member: Committee: Business Regulation Version:
Event: H Recommendation: CS by Judiciary ; Pending Review of CS under Rule 6.3 Time: 04/08/2003 - 12:11 PM Member: Committee: Judiciary Version:
Event: H Filed timely Time: 04/08/2003 - 12:11 PM Member: Committee: Judiciary Version:
Event: H Bill passed referred committee Time: 04/08/2003 - 11:02 AM Member: Committee: Judiciary Version:
Event: H Bill reported out of committee meeting Time: 04/08/2003 - 11:02 AM Member: Committee: Judiciary Version:
Event: H Bill added to Judiciary agenda Time: 03/31/2003 - 4:19 PM Member: Committee: Judiciary Version:
Event: H Bill referred to Business Regulation Time: 03/17/2003 - 1:58 PM Member: Committee: Business Regulation Version:
Event: H Bill referred to Judiciary Time: 03/17/2003 - 1:58 PM Member: Committee: Judiciary Version:
Event: H Read 1st time Time: 03/11/2003 - 2:11 PM Member: Committee: Version:
Event: H Filed timely Time: 03/10/2003 - 12:26 PM Member: Prieguez Committee: Version:

Statutes Referenced by this Bill

Statute Other Bill Citations
475.423