Loading
Loading
Your feedback directly shapes Sporos.
Sign in to track your feedback history
Existing law establishes that for the initial sale of a newly constructed condominium unit, as specified, the amount actually paid to the seller in the event of a buyer's default pursuant to a liquidated damages provision that exceeds 3% of the purchase price of the residential unit is subject to specified requirements, including an accounting of the seller's costs and revenues, as specified. This bill would delete the above-specified percentage and, instead, increase that percentage to 6%.
Introduced
Feb 21, 2025
Last Action
Jan 29, 2026
Session
CA 20252026
Sponsors
1 primary · 2 co
Read third time. Passed. Ordered to the Senate. (Ayes 41. Noes 15. Page 3880.)
In Senate. Read first time. To Com. on RLS. for assignment.
Read third time and amended. Ordered to third reading. (Page 3816.)
Read second time. Ordered to third reading.
Read second time and amended. Ordered returned to second reading.
From committee: Amend, and do pass as amended. (Ayes 7. Noes 3.) (January 13).
Re-referred to Com. on JUD.
From committee chair, with author's amendments: Amend, and re-refer to Com. on JUD. Read second time and amended.
In committee: Set, second hearing. Hearing canceled at the request of author.
In committee: Set, first hearing. Hearing canceled at the request of author.
Re-referred to Com. on JUD.
From committee chair, with author's amendments: Amend, and re-refer to Com. on JUD. Read second time and amended.
Referred to Coms. on JUD. and B. & P.
Read first time.
From printer. May be heard in committee March 24.
Introduced. To print.