IN HB1191 | 2020 | Regular Session

Status

Spectrum: Bipartisan Bill
Status: Engrossed on February 4 2020 - 50% progression, died in committee
Action: 2020-02-17 - First reading: referred to Committee on Judiciary
Pending: Senate Judiciary Committee
Text: Latest bill text (Engrossed) [PDF]

Summary

Land contracts. Defines "principal dwelling land contract" (contract) as a land contract for the sale of real property: (1) designed for the occupancy of one to two families; and (2) that is or will be occupied by the buyer as the buyer's principal dwelling. Provides that the seller under a contract must provide the buyer with certain disclosures at least 10 days before the contract is executed. Sets forth disclosures that must be included in a contract. Provides a three day cancellation period for the buyer. Specifies certain recording provisions for principal dwelling land contracts. Provides that a violation of disclosure provisions constitutes a deceptive act under the deceptive consumer sales act.

Tracking Information

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Title

Land contracts.

Sponsors


Roll Calls

2020-02-03 - House - House - Third reading (Y: 84 N: 9 NV: 1 Abs: 6) [PASS]
2020-01-27 - House - House - Committee Vote (Y: 12 N: 0 NV: 0 Abs: 1) [PASS]

History

DateChamberAction
2020-02-17SenateFirst reading: referred to Committee on Judiciary
2020-02-04HouseReferred to the Senate
2020-02-03HouseSenate sponsors: Senators Ford Jon and Ford J.D.
2020-02-03HouseThird reading: passed; Roll Call 159: yeas 84, nays 9
2020-01-30HouseRepresentatives Burton, Fleming, Pryor added as coauthors
2020-01-30HouseAmendment #1 (Clere) prevailed; voice vote
2020-01-30HouseSecond reading: amended, ordered engrossed
2020-01-28HouseCommittee report: amend do pass, adopted
2020-01-13HouseFirst reading: referred to Committee on Judiciary
2020-01-13HouseAuthored by Representative Clere

Indiana State Sources


Bill Comments

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