Louisiana REALTORS is the voice of real estate in the Louisiana Legislature. Our Federal and State legislative sections, composed of dedicated REALTOR members and staff, monitor, review and evaluate proposed legislation and rules of law that affect REALTORS, such as fair housing, agency, antitrust, etc.
Government Shutdown Update 10/2/13
The United States Government remains closed today. The National Association of REALTORS® is updating REALTOR.ORG with information as it is made available.
To learn more about the government shutdown, please use the links below provided by NAR:
Click here for a full recap of the 2013 Legislative Session.
LOUISIANA LEGISLATIVE UPDATE: (5/28/13) Last week at the State Capitol the Louisiana REALTORS® saw several bills proceed forward through the legislative process.
HB 256 by Representative Patrick Williams would reduce the redemption period for blighted, hazardous and abandoned properties to 18 months. This bill was amended by the Louisiana REALTORS® in the House to ensure that a definition of blight was defined in the legislation. House Bill 256 is now awaiting final action by the full Senate.
SB 51 by Senator Gerald Long would allow liens to be placed on abandoned or blighted properties as defined in law but would require notices and an appeals process for the property owner to correct the violations stated. The Louisiana REALTORS®, Bankers and Homebuilders worked very hard on this legislation with the Baton Rouge Re-Development Authority to ensure all parties were protected and abandoned or blighted properties could be brought back into commerce faster while still protecting the property rights of the owner.
This week the Louisiana REALTORS® will be watching and monitoring for two bills by Senator Sharon Broome which will require landlords whose properties are in pending foreclosure to provide notice to all tenants of the foreclosure action and a second bill that will require the sheriffs to provide information on credit counseling services and other pertinent information relative to property owners who fall behind and face a seizure situation.
HB 494 by Representative Karen St. Germain will require the property condition disclosure document to contain a questions to whether or not a cavity created within a salt stock lies underneath the property and whether the property is within so many feet of a solution mining injection well. HB 494 is awaiting Senate final passage.
The Senate will be finalizing its version of the state budget this week and that legislation will then make its way back over to the House to iron out any differences each body may have. The session is set to conclude on June 6th and the Louisiana REALTORS® will provide all members with a full session re-cap of all real estate related legislation.
Legislative Session Update as of 5/6/13
Last week the Louisiana REALTORS® were able to have HB 400 deferred in the House Insurance Committee. HB 400 would have caused significant problems with the issuance of and overall aspects of a home services contract. The Louisiana REALTORS® also lent its support to SB 171 which passed unanimously off of Senate floor last week. SB 171 by Senator Jack Donahue would keep developers and others from having to implement stringent guidelines on community water systems that could cause an increase in development costs by as much as 25% per lot. Many cities and parishes are also supportive of this legislation.
The Louisiana REALTORS® also supported both bills SB 51 and HB 256 with amendments that will help bring back into commerce abandoned and blighted properties through the lien process and a shorter redemption period.