Senate BillPassed first houseCivil
SB 880: Residential property: transfers: institutional investors.
What SB 880 does, verified July 2, 2026
The proposed legislation aims to protect consumers in the residential property market by regulating fees charged by vendors or lessors. It prohibits vendors or lessors from charging excessive fees for signing and delivering documents related to the transfer, cancellation, or reconveyance of a property. The proposed law extends this prohibition to all residential properties, not just single-family homes, to ensure fairness and transparency in property transactions.
Bill journey
✓IntroducedComplete
✓In CommitteeComplete
✓First Chamber FloorComplete
4Second ChamberCurrent
5GovernorPending
6ChapteredPending
Last action: June 30 set for first hearing. Failed passage in committee. (Ayes 4. Noes 3.) (2026-06-30)Alert me
Author and sponsors
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| Jun. 30, 2026 | June 30 set for first hearing. Failed passage in committee. (Ayes 4. Noes 3.) |
| Jun. 11, 2026 | From committee with author's amendments. Read second time and amended. Re-referred to Com. on JUD. |
| May. 18, 2026 | Referred to Com. on JUD. |
| May. 07, 2026 | In Assembly. Read first time. Held at Desk. |
| May. 07, 2026 | Read third time. Passed. (Ayes 36. Noes 0. Page 4166.) Ordered to the Assembly. |