For our members that work with real estate contracts with contingencies related to permitting, zoning, lot changes or any other land use approvals, SB1168 as proposed would limit such contingencies to not exceed one hundred eighty (180) days. Click below to review the bill in it’s entirety. This bill is scheduled to be heard by the Senate Finance Committee tomorrow afternoon. If this bill is of interest to your organization, you may want to track and/or take action.
|SB1168||Property; authorizing use of certain contingency for real estate contracts. Effective date.|
|2/14/2022||S||Scheduled on Committee Calendar|