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Bill would exempt conservation groups, tribes and public agencies from 'we-buy' homeowner protections
Summary
House Bill 2624 would expand an exemption in a law aimed at protecting homeowners from predatory solicitations so that public entities, Indian tribes and nonprofit land-conservation corporations may acquire unlisted property for public purposes without triggering timing and appraisal requirements. Conservation groups and small forest owners testified with opposing views.
House Bill 2624 would broaden an exemption in the state—onsumer-protection statute that currently shields certain public acquisitions from requirements created last session to protect homeowners targeted by unsolicited cash offers.
Committee staff told the Senate Business, Trade and Economic Development Committee that the underlying law gives owners of unlisted property rights including an appraisal, notice of appraisal and the right under some conditions to cancel a purchase contract without penalty. HB 2624 would permit any public entity, an Indian tribe or a nonprofit…
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