Louisiana HB580 mandates disclosure of hidden fees or conditions in real estate transactions.
Louisiana HB580 amends existing law to require disclosure of hidden fees or conditions in real estate transactions. It prohibits sellers or agents from conducting real estate activity that deceives, misleads, or hides a fee or condition from a prospective buyer or lessee. A fee or condition disclosed only after a prospective buyer or lessee pays an application fee shall be considered hidden. The bill adds definitions for "real estate activity" and "seller" and amends the existing law to include this new requirement.
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