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HB1029Introduced in the House of Delegates

Real Property - Termination of Residential Real Estate Contracts - Contingency Clauses

EngrossedSenate Judicial Proceedings

Introduced by Denise Roberts, District 25

What does this bill do?

Plain-English breakdown

Writing a plain-English summary of this bill… this can take a few seconds the first time.

Official description

Altering the definition of "contingency clause" as the term applies to the circumstances under which a residential real estate contract may be terminated by a purchaser; and altering the time period from 30 days to 5 days, within which a holder of trust money must distribute trust money to a purchaser.

Where it stands

Referred Judicial Proceedings

March 23, 2026

How did lawmakers vote?

House of DelegatesStage: Third Reading Passed · March 21, 2026

126

Yes

0

No

15

Absent or Not Voting

141 delegates recorded in this House of Delegates vote. Colors show vote categories only, not whether a vote was good or bad.

See how each delegate voted

Bill history

  1. First Reading Economic Matters

  2. Hearing 3/05 at 1:00 p.m.

  3. Hearing canceled

  4. Hearing 3/05 at 1:30 p.m.

  5. Favorable Report by Economic Matters

  6. Favorable Adopted Second Reading Passed

  7. Third Reading Passed (126-0)

  8. Referred Judicial Proceedings

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