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Office of the Revisor of Statutes

SF 1371 Senate Long Description

Modifying certain contract for deed requirements; requiring recording by the vendor; providing for a vendee right to cancel the contract for deed upon failure of the vendor to record contract, specifying a termination period and eliminating the penalty for failure to file as a lien against the property; specifying certain minimum contract for deed content requirements; providing a vendee civil cause of action for violation of contract for deed requirements; authorizing and providing for the attorney general to approve a sample contract for deed form and educational materials for vendors and vendees providing information on the requirements of state law affecting contacts for deed; appropriating money to the attorney general for the printing and distributing of sample contacts for deed and educational materials (ra)