House committee adopts substitute for bill on transfer of warranties when homes sell

A House committee approved a substitute for a bill intended to address transfer issues when homes change hands, lawmakers said during a committee meeting.

Committee members said the measure — presented by Representative Sales — would require that certain loans or expired warranties transfer to a new buyer when property is sold. Representative Sales described the measure as "one of the temple deals" and said the change would allow a new buyer to receive those interests with the house.

Lawmakers moved the substitute onto the floor and adopted it by voice vote. Committee members approved the substitute after a brief request to place the substitute before the panel. The chair called for the vote and members answered "aye," with no recorded opposition.

The transcript did not specify a bill number for the original measure prior to substitution. During the exchange the committee said, "House Bill 95 has substituted," and the substitute was put before the panel and approved.

The meeting record includes only limited discussion of the bill's mechanics and does not specify which loans or warranties are covered, what legal definitions would apply, or how the transfer would be enforced. The committee did not request or record further technical amendments to the substitute in the available transcript.

The committee moved on to its next item after adopting the substitute.