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MS HB1377
Bill
Status
2/5/2019
Primary Sponsor
Steve Hopkins
Click for details
AI Summary
HB 1377 Summary
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Defines "real estate transaction inspection" as an inspection of existing structures required as a condition of property sale, financing, or refinancing to determine termite and wood-destroying insect factors.
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Requires the purchaser of real estate to contract directly with a wood-destroying insect control licensee to perform any required real estate transaction inspection.
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Mandates the licensee provide the wood-destroying insect control report to the purchaser for submission to the lender during real estate closing.
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Takes effect July 1, 2019.
Legislative Description
Real estate transaction inspection; require purchaser of real estate to contract with termite licensee to complete transaction for real estate closing purposes.
Last Action
Died In Committee
2/5/2019