Did not become law. It stopped in the House of Representatives's Consumer Protection and Government Effectiveness Committee on July 6, 2015. The 2015 session has ended.
2015 Regular Session
House Bill 2780
Provides that escrow agent or other person that engages in real estate closing escrow may not accept funds, property or documents if principal to real estate closing escrow is 65 years of age or older and selling price of property is more than 20 percent below appraised or assessed value and if escrow agent or other person reasonably believes that principal does not understand nature or terms of transaction.
What it does
The synopsis the Legislative Assembly published with the bill.
Provides that escrow agent or other person that engages in real estate closing escrow may not accept funds, property or documents if principal to real estate closing escrow is 65 years of age or older and selling price of property is more than 20 percent below appraised or assessed value and if escrow agent or other person reasonably believes that principal does not understand nature or terms of transaction. Requires escrow agent or other person that reasonably believes that principal does not understand nature or terms of transaction to report attempted sale as suspected financial exploitation in accordance with elder abuse reporting requirements. Becomes operative January 1, 2016. Declares emergency, effective on passage.
Sponsors
Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.
In the House of Representatives
Sponsor
Its course
January 12 to July 6, 2015, on one scale. In the top row each mark is a day something happened; taller marks are busier days.
Each committee stop sits inside its chamber.
Every action4 actions on 4 days
In the House of RepresentativesJan 12 to Jul 6 · stopped175 days
Waiting for a committeeJan 12 to Jan 164 days
Consumer Protection and Government EffectivenessJan 16 to Jul 6 · stopped171 days
Text
Each version as the Legislative Assembly printed it.
l9n doesn't hold this bill's text yet.
What happened
In l9n's words, one line for each step. Every action as the Legislative Assembly published it is below.
In the House of Representatives Jan 12 – Jul 6
- Jan 12Introduced
- Jan 16Sent to Consumer Protection and Government Effectiveness
- Feb 12Heard in Consumer Protection and Government Effectiveness
- Jul 6Died when the session ended
All 4 actions, as published
- Jan 12First reading. Referred to Speaker's desk.House of Representatives
- Jan 16Referred to Consumer Protection and Government Effectiveness.House of Representatives
- Feb 12Public Hearing held.House of Representatives
- Jul 6In committee upon adjournment.House of Representatives