Bill Summary

HB 861 Residential Loan Alternative Agreements (2023 Session)
Residential Loan Alternative Agreements: Prohibits residential loan alternative agreement from authorizing a person to place lien on or otherwise encumber residential real property; prohibits court from enforcing residential loan alternative agreement by lien or constructive trust in residential real property; prohibits assignment of residential loan alternative agreement; provides residential loan alternative agreement is void if listing services do not begin within specified timeframe; prohibits clerk of circuit court from recording residential loan alternative agreement; provides residential loan alternative agreement that does not meet specified requirements is unenforceable; provides that violation is unfair or deceptive trade practice. Effective Date: July 1, 2023
02/15/23
HOUSE 
Filed
02/21/23
HOUSE 
Referred to Regulatory Reform & Economic Development Subcommittee; Judiciary Committee; Commerce Committee
02/21/23
HOUSE 
Now in Regulatory Reform & Economic Development Subcommittee
03/07/23
HOUSE 
On Committee agenda - Regulatory Reform & Economic Development Subcommittee, 03/09/23, 2:00 pm, 212 K
03/09/23
HOUSE 
Temporarily Postponed by Regulatory Reform & Economic Development Subcommittee
03/14/23
HOUSE 
On Committee agenda - Regulatory Reform & Economic Development Subcommittee, 03/16/23, 8:00 am, 212 K - PCS
03/16/23
HOUSE 
Favorable with CS by Regulatory Reform & Economic Development Subcommittee; 13 Yeas, 0 Nays
03/17/23
HOUSE 
Committee Substitute Text (C1) Filed
03/20/23
HOUSE 
Now in Judiciary Committee
03/21/23
HOUSE 
On Committee agenda - Judiciary Committee, 03/23/23, 8:00 am, 404 H
03/23/23
HOUSE 
Favorable with CS by Judiciary Committee; 22 Yeas, 0 Nays
03/23/23
HOUSE 
Committee Substitute Text (C2) Filed
03/24/23
HOUSE 
Now in Commerce Committee
04/06/23
HOUSE 
On Committee agenda - Commerce Committee, 04/10/23, 2:00 pm, 212 K
04/11/23
HOUSE 
Favorable with CS by Commerce Committee on 04/10/23; 17 Yeas, 0 Nays
04/11/23
HOUSE 
Committee Substitute Text (C3) Filed
04/12/23
HOUSE 
Placed on Calendar, on 2nd reading
04/13/23
HOUSE 
Placed on Special Order Calendar, 04/20/23
04/20/23
HOUSE 
Read Second Time; Substituted for SB 0770; Laid on Table, Refer to SB 0770
0861
Filed on 02/15/23
PDF
Amendment 168609
Filed on 03/08/23
Adopted
Amendment 1000 PCS
Filed on 03/14/23
Adopted
0861C1
Filed on 03/17/23
PDF
Amendment 895623 DE
Filed on 03/22/23
Adopted
0861C2
Filed on 03/23/23
PDF
Amendment 771049 DE
Filed on 04/07/23
Adopted
0861C3
Filed on 04/11/23
PDF
No amendments to this bill text filed.
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