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PA HB986

Bill

Status

Engrossed

5/7/2025

Primary Sponsor

Morgan Cephas

Click for details

Origin

House of Representatives

2025-2026 Regular Session

AI Summary

  • Real estate service agreements are void and unenforceable if they purport to run with the land, bind future property owners, create liens or security interests, or allow assignment without notifying the property owner

  • Recording an unfair real estate service agreement is prohibited and constitutes a third-degree misdemeanor; any such recorded agreement provides no notice against bona fide purchasers or creditors

  • Violations are deemed deceptive acts under Pennsylvania's Unfair Trade Practices and Consumer Protection Law

  • Consumers may recover minimum damages of $5,000 (or $15,000 if age 60 or older), actual damages if greater, attorney fees, and are not required to repay money received from the provider

  • Takes effect 60 days after enactment

Legislative Description

Providing for transparency in realty agreements; prohibiting unfair real estate service agreements; and imposing penalties.

Last Action

Referred to Urban Affairs & Housing

5/12/2025

Committee Referrals

Urban Affairs & Housing5/12/2025
Appropriations5/6/2025
Housing and Community Development3/20/2025

Full Bill Text

No bill text available