Requires disclosure of sales prices in real estate sales
HB 579 requires sellers to disclose the actual sales price in real estate deeds when transferring property. This directly affects real estate sellers and their attorneys who file deeds, as failing to include the price triggers a 5% civil penalty based on the sale amount. The Attorney General or county prosecutors can enforce this by suing for penalties, but the rule does not apply to transactions involving only mineral rights in land. The bill aims to increase transparency in property sales by making price information publicly available in official records.
Bill status
in committee
1 of 4 stages cleared
Introduction
Dec 2024
Committee Review
Floor Vote
Governor
Introduced Dec 17, 2024
Last action Mar 26, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
0
Committee
1
Mar 26, 2025
Committee
Referred: Commerce(H)
lower
Dec 17, 2024
Introduced
Prefiled (H)
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Emily Weber
DDemocratic
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