24RS HB 778

Actions

Last Action	02/26/24: to Committee on Committees (H)
Title	AN ACT relating to real property.
Bill Documents	Introduced
Bill Request Number	1502
Sponsor	R. Bridges
Summary of Original Version	Amend KRS 371.160 to provide that the requirement that the retained amount held back by an owner for improvement of real estate in any contract in the amount of $500,000 or more be deposited into a separate escrow account shall be mandatory and shall not waived by contract.
Index Headings of Original Version	Housing, Building, and Construction - Real estate improvements, retained amount, escrow account Labor and Industry - Real estate improvements, retained amount, escrow account Real Estate - Real estate improvements, retained amount, escrow account Contracts - Real estate improvements, retained amount, escrow account