SB1407 — Relating to the withdrawal of certain deposits placed in escrow in connection with the purchase or reservation of a condominium unit.

SB1407 — Relating to the withdrawal of certain deposits placed in escrow in connection with the purchase or reservation of a condominium unit. · Informed CitizenrySB 1407 amends the Property Code to regulate how deposits for the purchase or reservation of condominium units are held in escrow. The bill specifies that deposits must be held in an account manage…Open in Informed Citizenry