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)
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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
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SB 1778, Original Filed Version (Current Bill Version) Posted 1/5/2024 at 8:07 PM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 1563 (e1) Construction Contracting Judiciary Committee Compare Last Action: 3/8/2024 S Died in Rules 
Citations - Statutes (1)
Citation Catchline Location in Bill Location In Bill Help 713.345 Moneys received for real property improvements; penalty for misapplication. Page 2 (pdf)