Pennsylvania HB2704 regulates investor ownership of single-family residential properties, imposes reporting requirements, and sets penalties for.

HB2704 amends Pennsylvania law to regulate investor ownership of single-family residential properties. It requires entities owning or interested in more than 50 such properties to report this to the Department of State. The bill also mandates a waiting period before investors can acquire such properties and allows for fines and penalties for violations. The Department of State is tasked with maintaining a registry of such properties and entities. Municipalities can request information from this registry and have standing to bring actions against violators.

Pennsylvania HB2704 regulates investor ownership of single-family residential properties, imposes reporting requirements, and sets penalties for.

HB2704 amends Pennsylvania law to regulate investor ownership of single-family residential properties. It requires entities owning or interested in more than 50 such properties to report this to the Department of State. The bill also mandates a waiting period before investors can acquire such properties and allows for fines and penalties for violations. The Department of State is tasked with maintaining a registry of such properties and entities. Municipalities can request information from this registry and have standing to bring actions against violators.