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MT SB502

Bill

Status

Failed

5/23/2025

Primary Sponsor

Laura Smith

Click for details

Origin

Senate

2025 Regular Session

AI Summary

  • Investment firms are prohibited from entering into a contract to purchase a single-family dwelling until 45 days after the home is listed for sale

  • Sellers may void any contract that violates the 45-day waiting period at any time before the contract is fully executed

  • "Investment firm" is defined as a corporation or trust that invests pooled capital from investors in financial securities

  • The provision would be codified under Title 70, chapter 1, part 5 of Montana law governing property transfers

Legislative Description

Revising laws related to transfer of a single-family dwelling

Public Contracts

Last Action

(S) Died in Process

5/23/2025

Committee Referrals

Judiciary2/26/2025

Full Bill Text

No bill text available