hf2439SECOND ENGROSSMENTReal estate brokers and sales persons regulated, real property law +changes and recodification provided, and unreasonable delays in mortgage loan +closings prohibited.ARTICLE 1�CHANGES IN REAL ESTATE MORTGAGE LENDING LAWSection 1: General modifications provided.Sec. 2: Contract provisions modified.Sec. 3: Trust account regulations provided.Sec. 4: Unreasonable delay in mortgage loan closing prohibitedSec. 5: Agreement content requirements modified.Sec. 6: Common law effect provided.Sec. 7: Applicability modified.Sec. 8: Disclosure statement modified.Sec. 9: Purchaser's right to cancel provided.Sec. 10: Unit resale regulations modified.Sec. 11: Purchaser's right to cancel resale modified.Sec. 12: Technical.Sec. 13: Declaratory cancellation of purchase agreement regulations established.Sec. 14: Repealer.Sec. 15: Effective date. ARTICLE 2�RECODIFICATIONAE