SB 665
Prohibits certain corporations from acquiring residential real estate in this state
Sponsor:
LR Number:
2529S.03I
Committee:
Last Action:
2/3/2025 - S First Read
Journal Page:
Title:
Effective Date:
August 28, 2025

Current Bill Summary

SB 665 - This act prohibits corporations, as that term is defined in the act, from acquiring, directly or indirectly, any residential real estate in this state. Provisions are included allowing the Attorney General to enforce this act in any circuit court with proper jurisdiction. Exemptions are included to state that banks and other financial institutions are not precluded from offering or issuing mortgages for the acquisition of residential real estate.

SCOTT SVAGERA

Amendments

No Amendments Found.