HR 4037 · 109th Congress · Finance and Financial Sector

American Homebuyers Protection Act

Introduced 2005-10-07· Sponsored by Rep. Gonzalez, Charles A. [D-TX-20]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Housing and Community Opportunity.(2006-01-04)

Plain Language Summary

[AI summary unavailable — showing source text] American Homebuyers Protection Act - Prohibits a person engaged in the construction of new homes from: (1) requiring a home purchaser to enter into a mandatory arbitration agreement as a condition precedent to entering into a purchase contract; and (2) offering a home purchaser a contract which includes a mandatory arbitration agreement unless such agreement is a separate agreement.…

Summarized by Claude AI · Non-partisan · For informational purposes only