H.B. 503: Real Estate Modifications
2026 General Session · Originating chamber: House
What the bill does
Did not pass both chambers; the bill was filed on March 6, 2026.
This bill addresses requirements for real estate transactions.
- Defines terms
- Provides for the issuance of an attorney opinion letter in lieu of title insurance for purposes of conducting escrow on real property transactions
- Makes technical changes
How it moved
- · House1st reading (Introduced)
- · Houseto standing committee
- · HouseHouse Comm - Recommends Returned to Rules
- · Housefiled
Fiscal note
- State revenue: Enactment of this legislation could decrease the year-end transfer from the Commerce Service Account to the General Fund by $3,300 ongoing beginning in FY 2027 due to the expenditures listed below.
- State expenditures: Enactment of this legislation could increase costs to the Department of Commerce by $3,300 ongoing from the Commerce Service Account beginning in FY 2027 for staff support due to the increased complexity and time needed on affiliate business audits.
- Local government: Enactment of this legislation likely will not result in direct, measurable costs for local governments.
- Individuals and businesses: Enactment of this legislation likely will not result in direct expenditures from tax or fee changes for Utah residents and businesses.
Bill overview
Sponsor: Anthony E. Loubet
Legislature passed-list status: Not available in the saved metadata.
Latest recorded action
filed
The full step list is above. Find the bill in the official session list for status, hearings and committee records.
Recorded floor votes
No floor-vote records for this bill and session are available here. This does not mean no vote occurred; consult the official bill record.
Ledger coverage
No Ledger stories with an explicit source link to this bill and session are listed here.