Loading chat...

CA AB968

Bill

Status

Passed

7/21/2023

Primary Sponsor

Tim Grayson

Click for details

Origin

State Assembly

2023-2024 Session

AI Summary

  • Sellers of single-family residential properties must disclose to buyers any room additions, structural modifications, alterations, or repairs performed by contractors within 18 months of acquiring the property.

  • Sellers must provide the names and contact information of contractors hired for work exceeding the threshold specified in Business and Professions Code Section 7027.2.

  • Sellers must provide copies of any permits obtained for disclosed work, or if a third party contractor obtained permits, inform the buyer how to contact that third party for permit information.

  • Sellers may alternatively satisfy disclosure obligations by providing a contractor-supplied list of work performed.

  • Requirements apply to sales where the seller accepts an offer on or after July 1, 2024.

Legislative Description

Single-family residential property: disclosures.

Last Action

Chaptered by Secretary of State - Chapter 95, Statutes of 2023.

7/21/2023

Committee Referrals

Judiciary5/3/2023
Rules4/20/2023
Judiciary3/2/2023

Full Bill Text

No bill text available