On Aug. 23, CAL LEG passed bill on disclosures for residential property
CAL LEG passed bill SB-382 on single-family residential property and electric systems.
Bill Provisions
Would require, after Jan. 1, 2026, seller of single-family residential property to deliver specified disclosure statement to prospective buyer re electrical systems of property.
Also disclose, in writing, the existence of any state or local requirements re future replacement of existing gas-powered appliances that are transferred with the property.
Does not apply to sale of building within 3 years of issuance of certificate of occupancy.
Legislative History
On Feb. 9, 2023, bill was delivered to Senate; on Jan. 18, 2024, bill passed in Senate.
On Jan. 18, 2024, bill introduced in Assembly; on Jun. 20, 2024, bill passed Assembly.
On Aug. 23, 2024, bill was enrolled and was delivered to governor for signature/veto.
Effectiveness
If enacted, bill will become effective as of Jan. 1, 2025.
Sep. 2024 CAL LEG Governor Approval
On Sep. 22, 2024, CAL LEG governor approved bill SB 382 and assigned Ch. 443.
