HOUSE DOCKET, NO. 500        FILED ON: 1/12/2009

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 309

The Commonwealth of Massachusetts

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In the Year Two Thousand Nine

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An Act to promote consumer protection for residential home purchasers..

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

SECTION 1.  Chapter 112, as appearing in the 2002 Official Edition, is hereby amended by inserting, after section 87DDD½, the following new section:

Section 87EEE.  Any action arising from a home sale shall be commenced only within three years after the date of a completed sale of a home by a real estate broker.

SECTION 2.  Chapter 112, as appearing in the 2002 Official Edition, is hereby amended by inserting, after section 195, the following new section:

Section 195A.  Any action arising from a home appraisal shall be commenced only within three years after the date of a completed appraisal report by a home appraiser.

SECTION 3.  Chapter 255E, as appearing in the 2002 Official Edition, is hereby amended by inserting, at the end thereof, the following new section:

Section 11.  Any action arising from a residential property mortgage shall be commenced only within three years after the date of a submitted and completed mortgage application to a mortgage broker.

SECTION 4.  Section 3 of chapter 142A, as appearing in the 2002 Official Edition, is hereby amended by inserting, at the end thereof, the following new subsection:

(c) Any action arising from residential contracting shall be commenced only within three years after the date of completion or last work completed by the registrant.