SB 652, as amended, DeSaulnier. Real property disclosures: construction defect litigation.
Existing law requires the transferor of residential property to make certain disclosures to a prospective transferee and requires these disclosures to be made on a specified form.
This bill would revise the transfer disclosure form to additionally disclose to a potential transferee specified claims for damages by the seller.
The bill would make its provisions operative on July 1, 2014.
Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no.
The people of the State of California do enact as follows:
begin insertSection 1102.6 of the end insertbegin insertCivil
Codeend insertbegin insert is amended to
2read:end insert
begin insert(a)end insertbegin insert end insert The disclosures required by this article pertaining
2to the property proposed to be transferred are set forth in, and shall
3be made on a copy of, the following disclosure form:
[6 pages]
P8 1(b) The amendments to this section by the act adding this
2subdivision shall become operative on July 1, 2014.
Section 1102.6 of the Civil Code is amended to
4read:
(a) The disclosures required by this article pertaining
6to the property proposed to be transferred are set forth in, and shall
7be made on a copy of, the following disclosure form:
[6 pages]
P14 1(b) The amendments to this section by the act adding this
2subdivision shall become operative on July 1, 2014.
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