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CS/CS/CS/HB 861: Residential Loan Alternative Agreements

GENERAL BILL by Commerce Committee ; Judiciary Committee ; Regulatory Reform & Economic Development Subcommittee ; Robinson, W. ; (CO-INTRODUCERS) Fabricio

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: 7/1/2023
Last Action: 4/20/2023 House - Laid on Table; companion bill(s) passed, see CS/CS/SB 770 (Ch. 2023-117)
Bill Text: PDF



Bill History

Date Chamber Action
2/15/2023 House • Filed
2/21/2023 House • Referred to Regulatory Reform & Economic Development Subcommittee
• Referred to Judiciary Committee
• Referred to Commerce Committee
• Now in Regulatory Reform & Economic Development Subcommittee
3/7/2023 House • Added to Regulatory Reform & Economic Development Subcommittee agenda - Temporarily Postponed [House Rule 7.11(d)]
• 1st Reading (Original Filed Version)
3/14/2023 House • PCS added to Regulatory Reform & Economic Development Subcommittee agenda
3/16/2023 House • Favorable with CS by Regulatory Reform & Economic Development Subcommittee
• Reported out of Regulatory Reform & Economic Development Subcommittee
3/17/2023 House • Laid on Table under Rule 7.18(a)
• CS Filed
• 1st Reading (Committee Substitute 1)
3/20/2023 House • Referred to Judiciary Committee
• Referred to Commerce Committee
• Now in Judiciary Committee
3/21/2023 House • Added to Judiciary Committee agenda
3/23/2023 House • Favorable with CS by Judiciary Committee
• Reported out of Judiciary Committee
• Laid on Table under Rule 7.18(a)
• CS Filed
• 1st Reading (Committee Substitute 2)
3/24/2023 House • Referred to Commerce Committee
• Now in Commerce Committee
4/6/2023 House • Added to Commerce Committee agenda
4/11/2023 House • Favorable with CS by Commerce Committee (Amended)
• Reported out of Commerce Committee
• Laid on Table under Rule 7.18(a)
• CS Filed
4/12/2023 House • 1st Reading (Committee Substitute 3)
• Bill referred to House Calendar
• Added to Second Reading Calendar
4/13/2023 House • Bill added to Special Order Calendar (4/20/2023)
4/20/2023 House • Substituted CS/CS/SB 770
• Laid on Table; companion bill(s) passed, see CS/CS/SB 770 (Ch. 2023-117)