IA HF2207

Private equity entities (corporations, LLCs, partnerships, trusts, REITs, and investment funds that pool investor capital for residential property acquisition) are prohibited from purchasing single-family residences during the first 75 days a property is listed for sale on the open market

The 75-day restriction period begins when the residence is first offered through a multiple listing service, licensed real estate broker, or publicly accessible listing platform

Private equity entities cannot evade these restrictions through the use of subsidiaries, affiliates, or agents

County recorders are prohibited from recording deeds conveying single-family residences to private equity entities unless accompanied by a sworn affidavit from both grantee and grantor affirming compliance with the 75-day restriction or exemption under law

Single-family residence is defined as a dwelling designed for one household on property zoned for single-family residential use, including detached homes and townhouses, but excluding duplexes, multifamily dwellings, and condominiums