California Assembly bill in Session 2025-2026.
Status: in_committee. Latest action: May 6, 2026.
Attached residential condominium sales: liquidated damages.
Existing law establishes that for the initial sale of a newly constructed condominium unit, as specified, the amount actually paid to the seller in the event of a buyer’s default pursuant to a liquidated damages provision that exceeds 3% of the purchase price of the residential unit is subject to specified requirements, including an accounting of the seller’s costs and revenues, as specified. This bill would delete the above-specified percentage and, instead, increase that percentage to 6%.
| Date | Event | Detail |
|---|---|---|
| 2025-02-21 | Introduced | Bill introduced |
| 2026-05-06 | Status | in_committee |
| 2026-05-06 | Latest Action | Referred to Com. on JUD. |