Bill
Bill > HB2101
KS HB2101
Regulating contract for deed transactions, authorizing recording of contract for deeds or affidavits of equitable interest, listing deceptive practices constituting violations of the consumer protection act, requiring notice to the buyer of default and allowing buyers to cure such default.
summary
Introduced
01/19/2023
01/19/2023
In Committee
03/27/2024
03/27/2024
Crossed Over
02/28/2024
02/28/2024
Passed
Dead
04/30/2024
04/30/2024
Introduced Session
2023-2024 Regular Session
Bill Summary
AN ACT concerning real estate transactions; relating to brokers, salespersons and real estate transactions; authorizing the Kansas real estate commission to issue cease and desist orders; regulating contract for deed transactions; providing for certain penalties related thereto; making certain deceptive actions violations of the consumer protection act; amending K.S.A. 58-3065 and repealing the existing section.
AI Summary
This bill regulates contract for deed transactions in Kansas. It allows for the recording of contract for deeds or affidavits of equitable interest, lists deceptive practices that constitute violations of the consumer protection act, and requires notice to the buyer of default and allows buyers to cure such default. The bill also authorizes the Kansas Real Estate Commission to issue cease and desist orders against unlicensed persons, and amends the existing law to increase the penalties for willful violations of the act.
Committee Categories
Business and Industry, Labor and Employment
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Financial Institutions and Pensions (H)
Last Action
Senate Died on Senate Calendar (on 04/30/2024)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Loading...