HR 1519 · 110th Congress · Finance and Financial Sector
American Homebuyers Protection Act
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the Subcommittee on Commerce, Trade and Consumer Protection.(2007-03-15)
Plain Language Summary
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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. Treats a violation as as an unfair and deceptive act under the Federal Trade Commission Act.…
Summarized by Claude AI · Non-partisan · For informational purposes only