BILL NUMBER: SB 150	INTRODUCED
	BILL TEXT


INTRODUCED BY   Senator Correa

                        FEBRUARY 1, 2011

   An act to amend Section 1102 of the Civil Code, relating to
residential property.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 150, as introduced, Correa. Residential property: transfer
disclosures.
   Existing law requires the transferor of real property or a
manufactured home or mobilehome to disclose certain information prior
to transferring the property.
   This bill would make a technical, nonsubstantive change to these
provisions.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 1102 of the Civil Code is amended to read:
   1102.  (a) Except as provided in Section 1102.2, this article
applies to any transfer by sale, exchange, installment land sale
contract, as defined in Section 2985, lease with an option to
purchase, any other option to purchase, or ground lease coupled with
improvements, of real property or residential stock cooperative,
improved with or consisting of not less than one nor more than four
dwelling units.
   (b) Except as provided in Section 1102.2, this article shall apply
to a resale transaction entered into on or after January 1, 2000,
for a manufactured home, as defined in Section 18007 of the Health
and Safety Code, or a mobilehome, as defined in Section 18008 of the
Health and Safety Code,  which   if the 
manufactured home or mobilehome is classified as personal property
and intended for use as a residence.
   (c) Any waiver of the requirements of this article is void as
against public policy.