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Senate Bill Report — SHB 1064, High-Speed Internet Access in Seller's Disclosure Statement (March 12, 2021)

Summary

Senate Bill Report on SHB 1064, as of March 12, 2021, prepared for the Senate Committee on Business, Financial Services & Trade, with committee activity listed for 3/16/21. Its brief description is requiring the disclosure of high-speed internet access availability in the seller's disclosure statement. The report states that for residential real estate transactions entered into on or after January 1, 2022, the seller disclosure statement is amended to include questions about whether the property currently has Internet access and who the provider is. It lists Passed House: 2/5/21, 96-0, Appropriation: None, and Fiscal Note: Not requested, and gives an effective date ninety days after adjournment of the session in which the bill is passed.

Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used

Issuer
Congressional materials
Document type
Report
Date
2021-03-16
Case
2021 03 16 A28696 D231437 Bill Report 1064 S Sba Bfst 21

Cite this document

“Senate Bill Report — SHB 1064, High-Speed Internet Access in Seller's Disclosure Statement (March 12, 2021).” Original at app.leg.wa.gov, dated 2021-03-16. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2021-03-16-2021-03-16-a28696-d231437-bill-report-1064-s-sba-bfst-21/, SHA-256 9e0bb301a911def0845152d511a85bef8e66ebf1c5e8e1313d56d598abc7a440.

Full text

                             SENATE BILL REPORT
                                  SHB 1064

                                       As of March 12, 2021

Title: An act relating to disclosing the availability of high-speed internet access.

Brief Description: Requiring the disclosure of high-speed internet access availability in the
     seller's disclosure statement.

Sponsors: House Committee on Consumer Protection & Business (originally sponsored by
    Representatives Eslick, Kloba, Leavitt, Wylie, Gregerson, Ryu, Young, Robertson, Kirby
    and Fey).

Brief History: Passed House: 2/5/21, 96-0.
     Committee Activity: Business, Financial Services & Trade: 3/16/21.


                                     Brief Summary of Bill
           • Adds questions about the availability of Internet service to the seller
             disclosure statement for residential property.


SENATE COMMITTEE ON BUSINESS, FINANCIAL SERVICES & TRADE

     Staff: Clinton McCarthy (786-7319)

     Background: In real estate transactions for the sale of improved residential real property,
     absent an express waiver or exemption, sellers must provide buyers with a completed seller
     disclosure statement no later than five business days after mutual acceptance of a written
     purchase agreement. The disclosure statement requires the seller to answer yes, no, or don't
     know on a list of items, and if the questions require, the seller is given space to provide
     more details. The seller disclosure statement includes the following categories:
         • title;
         • water;
         • sewer or on-site sewage system;
         • structural;



     This analysis was prepared by non-partisan legislative staff for the use of legislative
     members in their deliberations. This analysis is not part of the legislation nor does it
     constitute a statement of legislative intent.

Senate Bill Report                              -1-                                        SHB 1064
         • systems and fixtures;
         • homeowners' association or common interests;
         • environmental;
         • manufactured and mobile homes; and
         • full disclosure by sellers.

     Within three business days of receipt of the disclosure statement, the buyer may approve
     and accept the disclosure statement or rescind the purchase agreement. If the disclosure
     statement is delivered late or not delivered, the buyer's right to rescind expires the earlier of
     three days after receipt of the disclosure statement, or the date the transfer closes.

     Summary of Bill: For residential real estate transactions entered into on or after January 1,
     2022, the seller disclosure statement is amended to include questions about whether the
     property currently has Internet access and who the provider is. The seller may answer by
     providing the information, or by checking the don't know boxes.

     Appropriation: None.

     Fiscal Note: Not requested.

     Creates Committee/Commission/Task Force that includes Legislative members: No.

     Effective Date: Ninety days after adjournment of session in which bill is passed.




Senate Bill Report                              -2-                                         SHB 1064

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2021-03-16_a28696_d231437_bill-report-1064-s-sba-bfst-21.pdf
Size
7,125 bytes
SHA-256
9e0bb301a911def0845152d511a85bef8e66ebf1c5e8e1313d56d598abc7a440
Our copy
2021-03-16_a28696_d231437_bill-report-1064-s-sba-bfst-21.pdf
Original
app.leg.wa.gov
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