Marc Snyder
- Democratic
- Senator
- District 12
Primary
The bill modifies the types of funds that are available for immediate withdrawal as a matter of right in real estate transactions by: Limiting wire transfer funds to only those funds that are wired through a funds-transfer system operated by the federal reserve or the Clearing House Payments Company ; and Adding funds credited to an escrow account, if the bank or financial institution holding the account confirms that there has been final settlement of the credited funds including a real-time or an instant payment made through a funds-transfer service operated by the federal reserve or the Clearing House Payments Company's real-time payments system. (Note: Italicized words indicate new material added to the original summary; dashes through words indicate deletions from the original summary.) (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
Senate Considered House Amendments - Result was to Concur - Repass
House Third Reading Passed - No Amendments
House Second Reading Special Order - Passed with Amendments - Committee
House Committee on Finance Refer Amended to House Committee of the Whole
Senate Third Reading Passed - No Amendments
Senate Second Reading Special Order - Passed with Amendments - Floor
Senate Second Reading Laid Over to 02/05/2025 - No Amendments
Senate Second Reading Laid Over Daily - No Amendments
Senate Committee on Finance Refer Amended to Senate Committee of the Whole
| Bill Text Versions | Format |
|---|---|
| Rerevised (03/13/2025) | |
| Revised (03/12/2025) | |
| Reengrossed (02/06/2025) | |
| Engrossed (02/05/2025) | |
| Introduced (01/08/2025) | |
| PA2 (03/11/2025) | |
| PA1 (01/29/2025) | |
| Committee Amendment |
| Document | Format |
|---|---|
| Fiscal Note FN1 (01/13/2025) | |
| Fiscal Note FN2 (02/20/2025) |
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