PEN LEG on Real Estate Exclusions


On Oct. 16, PEN LEG enacted bill re real estate licensing, registration.


  • PEN LEG issued Bill HB 1730 to amend PEN LEG PL 15 No. 9, which is known as the Real estate licensing and registration act (Act), to provide for further exclusions.
  • Bill Provisions
  • Section 304(8) of the Act amended to clarify that the Act's provisions do not apply to cemetery companies and cemeteries owned or controlled by religious organizations.
  • The provisions also do not apply to cemetery companies or cemeteries owned or controlled by an association created by a religious organization or a municipality.
  • Legislative History
  • On Oct. 2, 2023, bill introduced in House; on Apr. 15, 2024, bill was passed in House.
  • On Apr. 18, 2024, bill introduced in Senate; on Oct. 9, 2024, bill was passed in Senate.
  • On Oct. 10, 2024, bill delivered to Governor; on Oct. 16, 2024, bill signed by governor.
  • Effectiveness
  • Bill became Act 99 of 2024, shall take effect in 60 days, i.e. Dec. 15, 2024.

Regulators PEN LEG
Entity Types Corp; MG Orig
Reference Act 99, HB1730, 10/16/2024; Citation: PEN LEG PL 15 No. 9;
Functions Compliance; Legal; Registration/Licensing
Countries United States of America
Category
State
Products Corporate; Mortgage
Regions Am
Rule Type Final
Rule Date 10/16/2024
Effective Date 12/15/2024
Rule Id 230231
Linked to N/A
Reg. Last Update 10/16/2024
Report Section US Consumer

Last substantive update on 10/22/2024