Prohibits an institutional investor to purchase any covered residential property and gives the attorney general enforcement authority

HB 3167 prohibits institutional investors (like hedge funds or large real estate firms owning over 50 properties nationally) from purchasing covered residential properties - single-family homes, duplexes through quadplexes, or small residential parcels - after August 28, 2026. It creates a state registry to track institutional ownership, empowers the attorney general to enforce the ban through civil penalties (up to $50,000 per property) and void invalid transfers, and requires divestiture of illegally acquired properties. Exemptions include nonprofits, public housing authorities, small local businesses (under 50 units statewide), and financial institutions reselling foreclosed homes within 12 months. The law aims to prioritize affordable housing access by limiting large-scale institutional ownership in residential markets.