Session Scoop: May 31, 2024
Louisiana REALTORS® • May 31, 2024
Bill Tracking Report as of 5/31/2024
Week 12 Report
This week’s report is short and sweet as any updates posted will be out of date by Monday, June 3rd at 6:00 p.m., the deadline for the session to end.
We do want to announce a major REALTOR® win, though!
Governor Landry signed Senate Bill No. 506 to reign in the practice of using liens or mortgages to secure rights under real estate service agreements. This bill was filed at the request of Louisiana REALTORS®
Louisiana REALTORS® thanks Senator Rick Edmonds for authoring this important piece of legislation and Representative Troy Hebert for carrying the legislation on the House side.
Watch for a detailed Session Scoop next week!
Take advantage of safety training and other resources provided by your local REALTOR® Association in Louisiana.
Construction Update: Act Nos. 239 and 422 Eric Landry, Breazeale, Sachse & Wilson, L.L.P. Louisiana REALTORS® Counsel
NAR is pleased to share the latest consumer guide focused on how the VA Home Loan offers a great path to homeownership for current and former military service members. As a reminder, all guides in this series are available for download—in both English and Spanish—on facts.realtor . Please allow a few days for the Spanish version of the latest resource to be translated and uploaded. For ease of reference, below is a list of the most recent guides: NEW: What Is the VA Home Loan Guaranty? 10 Tips for Packing Smartly for a Move State and Local Tax (SALT) Deductions Buying a Historic Property Making Your Home More Energy Efficient Working with a Real Estate Attorney Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy. Be on the lookout for the next consumer guide, which outlines requirements for private mortgage insurance and how it protects lenders and consumers.
