Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Sponsors say bill would require disclosures to curb predatory real‑estate wholesaling
Summary
Senators told the committee SB 155 would require wholesalers to disclose assignment intentions and bar binding residential contracts until homeowners sign a disclosure, aiming to protect vulnerable sellers from deceptive practices.
Senators identified in the transcript as sponsor witnesses described Senate Bill 155 as a reintroduction of prior legislation to increase transparency and protect homeowners from predatory real‑estate wholesaling.
Senator (recorded) Brenner said the bill would "protect Ohioans from real estate wholesaling, a predatory practice that preys on vulnerable homeowners and robs them from equity in their homes," and defined wholesaling as entering a contract and assigning it to a…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
