SB 1778: Escrow Accounts for Improvements to Residential Real Property
GENERAL BILL by Collins
Escrow Accounts for Improvements to Residential Real Property; Requiring contractors and qualified companies that receive a specified amount of money for improvements to residential real property to place such payments in an escrow account with specified institutions or persons; authorizing the contractor or qualified company to keep funds received from different owners in the same account under certain circumstances; authorizing the owner of the residential real property to request in a specified manner an accounting report from the contractor or qualified company, etc.
Effective Date: 7/1/2024
Last Action: 3/8/2024 Senate - Died in Regulated Industries
Bill Text: Web Page | PDF
Last Action: 3/8/2024 Senate - Died in Regulated Industries
Bill Text: Web Page | PDF
Senate Committee References:
- Regulated Industries (RI)
- Judiciary (JU)
- Rules (RC)
Bill History
| Date | Chamber | Action |
|---|---|---|
| 1/5/2024 | Senate |
• Filed |
| 1/11/2024 | Senate |
• Referred to Regulated Industries; Judiciary; Rules • Introduced |
| 3/8/2024 | Senate |
• Died in Regulated Industries |
