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Glossary of Legislative Terms

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
Senate Committee References:
  1. Regulated Industries (RI)
  2. Judiciary (JU)
  3. Rules (RC)


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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