Montana legislation · 2025 Regular Session
Montana SB502: Revising laws related to transfer of a single-family dwelling
Status: Failed, May 23, 2025
What the bill says
A bill for an act entitled: "an act revising laws related to the transfer of a singlefamily dwelling; providing a time period during which an investment firm may not purchase a single-family dwelling; and providing a definition.".
From the engrossed text:
A BILL FOR AN ACT ENTITLED: "AN ACT REVISING LAWS RELATED TO THE TRANSFER OF A SINGLEFAMILY DWELLING; PROVIDING A TIME PERIOD DURING WHICH AN INVESTMENT FIRM MAY NOT PURCHASE A SINGLE-FAMILY DWELLING; AND PROVIDING A DEFINITION." BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA: NEW SECTION. Section 1. Limitation on certain purchasers. (1) An investment firm may not enter into an executory contract to purchase a single-family dwelling that is listed for sale before the 45th day after the date the home is listed. (2) A contract entered into in violation of this section is voidable by the seller at any time before the contract is fully executed. (3) As used in this section, "investment firm" means a corporation or trust engaged in the business of investing the pooled capital of investors in financial securities. NEW SECTION. Section 2. Codification instruction. [Section 1] is intended to be codified as an integral part of Title 70, chapter 1, part 5, and the provisions of Title 70, chapter 1, part 5, apply to [section 1]. NEW SECTION. Section 3. Saving clause. [This act] does not affect rights and duties that matured, penalties that were incurred, or proceedings that were begun before [the effective date of this act]. - END - - 1 - Authorized Print Version - SB
Sponsors
- Smith, Laura (D, 40) · primary sponsor
Latest actions
- : (S) Died in Process
- : (S) Missed Deadline for General Bill Transmittal
- : (S) Sponsor List Modified
- : (S) Tabled in Committee
- : (S) Hearing
- : (S) Referred to Committee
- : (S) 1st Reading
- : (S) Introduced
- : (LC) Draft Delivered to Requester
- : (LC) Draft Ready for Delivery
Subjects: Property, Housing, Contracts
Common questions
- What is SB502?
- SB502 is a bill in the Montana Legislature (2025 Regular Session): Revising laws related to transfer of a single-family dwelling.
- What does SB502 do?
- In its own words: A bill for an act entitled: "an act revising laws related to the transfer of a singlefamily dwelling; providing a time period during which an investment firm may not purchase a single-family dwelling; and providing a definition.".
- What is the status of SB502?
- Failed as of May 23, 2025. Latest action: (S) Died in Process (May 23, 2025).
- Who sponsored SB502?
- Smith, Laura (D, 40).
- Where is the official record for SB502?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC1053
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.