2005 Senate Bill 370 / Public Act 163

Revise seller disclosure form to include allergen inspection advice

Introduced in the Senate

April 12, 2005

Introduced by Sen. Cameron Brown (R-16)

To require the seller disclosure form required in residential real estate transactions to encourage the buyer to have the home inspected for the presence of allergens.

Referred to the Committee on Economic Development, Small Business, and Regulatory Reform

June 14, 2005

Reported without amendment

With the recommendation that the bill pass.

June 21, 2005

Amendment offered

To require the seller disclosure form to name specific allergens, including household mold, mildew and bacteria.

The amendment passed by voice vote

June 22, 2005

Amendment offered by Sen. Michael Switalski (D-10)

To require the seller disclosure statement required in real estate transactions to advise the buyer that the future property taxes may be different from those paid by the seller. This pertains to the Proposal A taxable value “pop up,” where the new basis for property tax assessment becomes the property’s state equalized value (market value), rather than the (lower) capped “taxable value” of the previous owner.

The amendment passed by voice vote

Amendment offered by Sen. Mark Schauer (D-19)

To clarify that the information in the seller disclosure statement is disclosure only, and not a part of the real estate sales agreement.

The amendment passed by voice vote

Passed in the Senate 37 to 0 (details)

To require the seller disclosure form required in residential real estate transactions to encourage the buyer to have the home inspected for the presence of allergens, including household mold, mildew and bacteria; and require it to advise the buyer that future property taxes will be higher than those paid by the seller because of the Proposal A taxable value “pop up”.

Received in the House

June 22, 2005

Referred to the Committee on Regulatory Reform

Sept. 13, 2005

Reported without amendment

Without amendment and with the recommendation that the bill pass.

Sept. 20, 2005

Passed in the House 106 to 2 (details)

Require the seller disclosure form required in residential real estate transactions to encourage the buyer to have the home inspected for the presence of allergens, including household mold, mildew and bacteria; and require it to advise the buyer that future property taxes will be higher than those paid by the seller because of the Proposal A taxable value “pop up”.

Signed by Gov. Jennifer Granholm

Oct. 6, 2005