Real estate brokers; escrow funds. (SB653)

Introduced By

Sen. Jennifer Boysko (D-Herndon)

Progress

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

Description

Department of Professional and Occupational Regulation; real estate brokers; escrow funds. Provides that in the event of foreclosure of real property, all rent moneys, regardless of when received, shall be deposited in an escrow account by the end of the fifth business banking day following receipt, unless otherwise agreed to in writing by the principals to a lease transaction. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/07/2020Prefiled and ordered printed; offered 01/08/20 20102093D
01/07/2020Referred to Committee on General Laws and Technology
01/17/2020Impact statement from DPB (SB653)
01/22/2020Reported from General Laws and Technology (13-Y 0-N) (see vote tally)
01/24/2020Constitutional reading dispensed (39-Y 0-N) (see vote tally)
01/27/2020Read second time and engrossed
01/28/2020Read third time and passed Senate (40-Y 0-N) (see vote tally)
02/13/2020Placed on Calendar
02/13/2020Read first time
02/13/2020Referred to Committee on General Laws
02/14/2020Assigned GL sub: Housing/Consumer Protection
02/18/2020Subcommittee recommends reporting (6-Y 0-N)
02/20/2020Reported from General Laws (21-Y 0-N) (see vote tally)
02/24/2020Read second time
02/25/2020Read third time
02/25/2020Passed House BLOCK VOTE (100-Y 0-N)
02/25/2020VOTE: Block Vote Passage (100-Y 0-N) (see vote tally)
03/02/2020Enrolled
03/02/2020Bill text as passed Senate and House (SB653ER)
03/02/2020Impact statement from DPB (SB653ER)
03/02/2020Signed by Speaker
03/03/2020Signed by President
03/12/2020Enrolled Bill Communicated to Governor on March 12, 2020
03/12/2020G Governor's Action Deadline 11:59 p.m., April 11, 2020
04/09/2020G Approved by Governor-Chapter 1014 (effective 7/1/20)
04/09/2020G Acts of Assembly Chapter text (CHAP1014)