Bill
Bill > HB1121
summary
Introduced
02/10/2023
02/10/2023
In Committee
02/10/2023
02/10/2023
Crossed Over
Passed
Dead
04/10/2023
04/10/2023
Introduced Session
2023 Regular Session
Bill Summary
AN ACT concerning Real Property - Residential Contracts of Sale - Buyer Privacy FOR the purpose of prohibiting a contract of sale for single-family residential real property from containing the name of an individual buyer prior to acceptance of the contract of sale by the seller; and generally relating to residential contracts of sale. BY adding to Article - Real Property Section 10-713 Annotated Code of Maryland (2015 Replacement Volume and 2022 Supplement) Preamble
AI Summary
This bill prohibits a contract of sale for single-family residential real property from containing the name of an individual buyer prior to acceptance of the contract by the seller, with the intent of eliminating bias in housing decisions. The bill applies only to contracts executed with the services of a real estate broker and does not apply to purchases by corporate or business entities or fiduciaries. Before or during the preparation of the contract, the individual buyer must execute an agreement with the buyer's real estate broker that identifies the buyer as an individual, states the buyer has not misrepresented their status or been convicted of related fraud, and intends to occupy the property as their principal residence. The bill is to be construed to apply only prospectively, taking effect on October 1, 2023.
Committee Categories
Transportation and Infrastructure
Sponsors (1)
Last Action
House Environment and Transportation Hearing (13:00:00 3/7/2023 ) (on 03/07/2023)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB1121?ys=2023RS |
| BillText | https://mgaleg.maryland.gov/2023RS/bills/hb/hb1121f.pdf |
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