TERRA TERROIR

MOLD AND THE RESIDENTIAL LANDLORD

On January 1, 2016, Senate Bill 655 became effective.  Notwithstanding the Toxic Mold Protection Act of 2001 and the absence of guidelines and standards under this act, Senate Bill 655 explicitly lists mold as a problem which may potentially render a property uninhabitable or substandard.  The law primarily affects residential rental properties. The Mold Act […]

CFPB Postpones Integrated Disclosure Enactment Date

The Consumer Finance Protection Bureau issued a final ruling postponing the effective date of the Know Before You Owe mortgage disclosure rule also known at the TILA-RESPA Integrated Disclosure rule to October 3, 2015. The original effective date was August 1, 2015. For more information, please contact Delphine Adams via email.

TAXES, TAXES AND MORE TAXES

A bill has been introduced that would impose a sales tax on services.  Senate Bill 8 sponsored by Senator Hertzberg would impose a tax on consumer services, including services associated with a real estate purchase and sale transaction.  Among the proposed services that would be taxed are home inspection fees, structural pest control inspection fees, […]

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