SB 502 Montana Senate · 2025 Regular Session

Revising laws related to transfer of a single-family dwelling

SB 502 would have prohibited investment firms (defined as corporations or trusts investing pooled capital) from entering contracts to purchase single-family homes listed for sale within the first 45 days of listing. Sellers could void such contracts at any time before full execution. The bill directly affected investment firms seeking to buy homes and homeowners listing properties. However, the bill died in committee in May 2025 and never became law.

Issues: ✓ Housing

Bill status died 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 25, 2025 Last action May 23, 2025

Maddy AI version diff · 2 comparisons

What changed between versions

SB0502_1.pdf → SB0502_1(1).pdf · 1 edit

MINOR

The bill text was reformatted to include a new sponsor, K. Bogner, who was added to the list of authors. The substantive content of the legislation, including the 45-day waiting period for investment firms to buy homes and the legal definitions, remains unchanged.

TECHNICAL

The list of bill sponsors was updated to add K. Bogner, while the order of the other sponsors was slightly rearranged.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Feb 28, 2025

Amended

(S) Tabled in Committee - (S) Judiciary

upper

Feb 26, 2025

Committee

(S) Referred to Committee - (S) Judiciary

upper

Feb 25, 2025

Introduced

(S) Introduced

upper

1 primary · 0 co-sponsors