Indiana 2023 Regular Session Status: In Committee 1 R cosponsors

SB 244 — Surety bond for home improvement suppliers.

Last action — Senator Byrne added as coauthor

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2023 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Amends the statute governing residential real property improvement contracts (statute) to provide that before entering into a real property improvement contract (contract) after June 30, 2023, and throughout the duration of the contract, a real property improvement supplier (supplier) must be covered by a surety bond in the amount of $50,000. Provides that the bond must be payable to the state and must secure the payment of restitution to a person aggrieved by a violation of the statute by the supplier. Provides that the terms of a contract entered into after June 30, 2023, between a supplier and a consumer must include the name of the issuer of the supplier's bond, along with the bond number or similar identifier. Amends provisions concerning a consumer's right to cancel a contract to provide that a consumer may cancel a contract before midnight on the third business day after the latest of the following occurs: (1) The date the contract is signed by the consumer and the supplier. (2) If applicable, the date the consumer receives written notice from the consumer's insurance company as to whether all or any part of the consumer's claim or the contract is a covered loss. (3) For a contract entered into after June 30, 2023, the date the supplier provides the consumer with the name of the issuer of the supplier's required bond, along with the bond number or similar identifier. (Current law provides that a consumer may cancel a contract before midnight on the third business day after the later of the following: (1) The date the contract is signed by the consumer and the supplier. (2) If applicable, the date the consumer receives written notice from the consumer's insurance company as to whether all or any part of the consumer's claim or the contract is a covered loss.)

Bill Text

We don't have the full text on file for this bill yet.

Read SB 244 on the official Indiana source →

Action History

  1. Senator Byrne added as coauthor

  2. First reading: referred to Committee on Commerce and Technology

  3. Authored by Senator Sandlin

Sponsors

Sponsorship breakdown

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1 sponsors · 1 co-sponsors · 148 not signed on

Sponsors (1)

  • Jack Sandlin

Co-sponsors (1)

Not signed on (148)

148 members have not signed on to this bill.

Show all 148 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 244 do?
Amends the statute governing residential real property improvement contracts (statute) to provide that before entering into a real property improvement contract (contract) after June 30, 2023, and throughout the duration of the contract, a real property improvement supplier (supplier) must be covered by a surety bond in the amount of $50,000. Provides that the bond must be payable to the state and must secure the payment of restitution to a person aggrieved by a violation of the statute by the supplier. Provides that the terms of a contract entered into after June 30, 2023, between a supplier and a consumer must include the name of the issuer of the supplier's bond, along with the bond number or similar identifier. Amends provisions concerning a consumer's right to cancel a contract to provide that a consumer may cancel a contract before midnight on the third business day after the latest of the following occurs: (1) The date the contract is signed by the consumer and the supplier. (2) If applicable, the date the consumer receives written notice from the consumer's insurance company as to whether all or any part of the consumer's claim or the contract is a covered loss. (3) For a contract entered into after June 30, 2023, the date the supplier provides the consumer with the name of the issuer of the supplier's required bond, along with the bond number or similar identifier. (Current law provides that a consumer may cancel a contract before midnight on the third business day after the later of the following: (1) The date the contract is signed by the consumer and the supplier. (2) If applicable, the date the consumer receives written notice from the consumer's insurance company as to whether all or any part of the consumer's claim or the contract is a covered loss.)
Who sponsors SB 244?
SB 244 is sponsored by Gary Byrne (Republican) and Jack Sandlin.
What is the current status of SB 244?
This bill died with 2023 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 244?
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Last checked for changes 3 months ago · updated continuously

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