2010 House Bill 6402

Ban developer "capital recovery fee"

Introduced in the House

Aug. 23, 2010

Introduced by Rep. Paul Opsommer (R-93)

To prohibit a residential real estate developer from imposing a "capital recovery fee" on homeowners through contract of covenant, defined as a provision that requires any subsequent seller to pay a fee to the developer.

Referred to the Committee on Regulatory Reform