2012 Regular Session


File Code: Business Regulation and Occupations
Sponsored By:
Delegate Haddaway-Riccio
Real Estate Brokers - Guaranty Fund - Claims and Repayment


Increasing the amount that a person may recover for each claim against the Real Estate Guaranty Fund to $35,000; providing that interest on the amount paid by the Guaranty Fund does not begin to accrue for 3 months; decreasing to 6% the interest rate charged to a licensee if the licensee has entered into a specified repayment plan; requiring the State Real Estate Commission to allow a licensee, on request, to enter into a plan to repay the Guaranty Fund within a reasonable period of time, not exceeding 4 years; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used. For explanation of terms click here.
House Action
First Reading Economic Matters
Hearing 3/14 at 1:00 p.m.
Senate Action
No Action

Bill indexed under the following Subjects:

Agents and Brokers
Committees and Commissions -see also- Political Committees
Licenses -see also- Alcoholic Bev Lic; Drivers' Licenses
Penalties and Sentences -see also- Death Penalty
Real Estate -see also- Agents and Brokers
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax

Bill affects the following Statutes:

Business Occupations and Professions
( 17-404 , 17-411 , 17-412 , 17-413 )


All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Available
Amendments: None offered