PRINTER'S NO. 2934
No. 181 Session of 1980
INTRODUCED BY MILLER, SPENCER, MOEHLMANN AND BERSON,
FEBRUARY 25, 1980
REFERRED TO COMMITTEE ON RULES, FEBRUARY 25, 1980
In the House of Representatives, February 25, 1980
1 WHEREAS, The Real Estate Settlement Procedures Act adopted by
2 the Congress requires the Department of Housing and Urban
3 Development of the United States of America to conduct studies
4 to simplify land transfers and mortgage transactions; and
5 WHEREAS, It has become clear that HUD studies may require
6 legislative action to provide for more economical searches of
7 the records, computerized keeping of real estate records and
8 other methods for making real estate transactions more
9 economical; and
10 WHEREAS, The National Conference of Commissioners on Uniform
11 State Laws has proposed model legislation relating to real
12 estate transactions designed to aid the consumer, especially the
13 purchaser of residential real estate, which legislation, if
14 adopted by the General Assembly, would have an effect upon
15 existing statutes of limitations in the real estate field; and
16 WHEREAS, There is a multiplicity of statutes relating to real
17 estate law in the Commonwealth of Pennsylvania many of which
1 contain varied periods of limitations; and
2 WHEREAS, A study of the various Commonwealth statutes
3 relating to real estate should be undertaken before the General
4 Assembly can properly consider remedial legislation designed to
5 achieve the objectives of the "Real Estate Settlement Procedures
6 Act" and to protect consumers; therefore be it
7 RESOLVED (the Senate concurring), That the Joint State
8 Government Commission appoint a task force to conduct a thorough
9 study of the various statutory periods of limitations relating
10 to real estate enacted since 1700 for the purpose of
11 recommending changes in the Pennsylvania real estate law
12 including provision for more uniform periods of limitation and
13 appropriate repeals; and be it further
14 RESOLVED, That the Joint State Government Commission report
15 the findings of the task force together with recommendations for
16 appropriate remedial legislation as soon as possible.
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