PRIA Logo™
LouisianaHB 4682026 Regular SessionHouseWALLET

REAL ESTATE: Provides with respect to the wholesale of residential real properties

Sponsored By: Troy Jude Hebert (Republican)

Signed by Governor

Commerce, Consumer Protection and International AffairsCommerce

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

4 provisions identified: 3 benefits, 0 costs, 1 mixed.

Home sellers gain penalty-free cancellation rights

Sellers can cancel covered wholesaling agreements for any reason, without penalty, for at least five calendar days after the later signing. Agreements must clearly show the deadline beside the seller's signature and include the required notice, headed “NOTICE REQUIRED BY LOUISIANA LAW.” The Louisiana Real Estate Commission must maintain a cancellation form online, and wholesalers must include it with each agreement for free. Wholesalers cannot ask sellers to sign a deed or another transfer document before the cancellation period ends. If a wholesaler omits required disclosures or breaks another wholesaling rule, the seller can cancel before title transfers by giving written notice; the agreement then becomes invalid and unenforceable.

Home sellers gain protection against wholesaler abuse

Wholesalers cannot claim to advise or represent sellers without formal authority, or claim licenses, certifications, or professional memberships they lack. They cannot place liens or other claims on the property that cloud its title. Deceptive or unfair practices and unlawful real estate service agreements are also banned. Violations count as unfair trade practices enforced by the Louisiana Attorney General's consumer protection section and real estate law violations enforced by the Louisiana Real Estate Commission. The Commission can impose and collect civil penalties of up to $5,000 per violation, in addition to other remedies.

Wholesale deals require deposits with return rules

Covered wholesaling agreements must include a deposit of at least 1% of the purchase price. The money must stay in the seller's account or a Louisiana escrow account at a federally insured financial institution. If the seller cancels during the cancellation period, the wholesaler gets the full deposit back. For another seller termination under this law, the seller gets the deposit.

Home sellers get upfront wholesaler disclosures

Louisiana's law covers wholesaling of properties with one to four dwelling units used or intended as single-family homes. Wholesaling means arranging sales to transfer contract rights or other property interests for profit; marketing those interests creates a presumption of wholesaling. It includes planned assignments before ownership and certain same-property double closings where the end buyer does not supply all closing funds and the wholesaler plans neither occupancy nor major improvements. Before signing, wholesalers must prominently disclose in writing their plan to transfer or market those interests for a higher price or other financial gain. They must advise sellers to seek legal advice and explain the right to cancel without penalty for at least five calendar days. These rules exclude wholesaling contracts or written agreements completed before the law's effective date.

Sponsors & Cosponsors

Sponsor

  • Troy Jude Hebert

    Republican • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 363 • No: 0

House vote • 5/31/2026

Conference Committee Report read, roll called, yeas 94, nays 0. Having received two-thirds vote of the elected members, the Conference Committee Report was adopted.

Yes: 94 • No: 0

Senate vote • 5/31/2026

Conference Committee Report read; adopted by a vote of 35 yeas and 0 nays.

Yes: 35 • No: 0

House vote • 5/20/2026

Read by title, roll called, yeas 91, nays 0. The Senate amendments, not having received two-thirds vote of the elected members, were rejected. Conference committee appointment pending.

Yes: 91 • No: 0

Senate vote • 5/12/2026

Rules suspended. The amended bill was read by title, passed by a vote of 34 yeas and 0 nays, and ordered returned to the House. Motion to reconsider tabled.

Yes: 34 • No: 0

House vote • 4/7/2026

Read third time by title, amended, roll called on final passage, yeas 96, nays 0. The bill, having received two-thirds vote of the elected members, was finally passed, title adopted, ordered to the Senate.

Yes: 96 • No: 0

House vote • 3/23/2026

Reported with amendments

Yes: 13 • No: 0

Actions Timeline

  1. Signed by the Governor. Becomes Act No. 807.

    6/9/2026House

  2. Effective date: 08/01/2026.

    6/9/2026House

  3. Sent to the Governor for executive approval.

    6/2/2026House

  4. Enrolled and signed by the Speaker of the House.

    6/1/2026House

  5. Signed by the President of the Senate.

    6/1/2026Senate

  6. Conference Committee Report read, roll called, yeas 94, nays 0. Having received two-thirds vote of the elected members, the Conference Committee Report was adopted.

    5/31/2026House

  7. Notice House adopted the Conference Committee Report.

    5/31/2026Senate

  8. Conference Committee Report read; adopted by a vote of 35 yeas and 0 nays.

    5/31/2026Senate

  9. Notice of Senate adoption of Conference Committee Report.

    5/31/2026House

  10. Conference Committee report received. Lies over under the rules.

    5/27/2026House

  11. Conference committee report received.

    5/27/2026Senate

  12. Scheduled for floor debate on 05/31/2026.

    5/27/2026House

  13. Notice of Senate conferees appointed.

    5/26/2026House

  14. House conferees appointed: Hebert, Deshotel, and Jacob Landry.

    5/25/2026House

  15. Senate conference committee members appointed: Miller, Allain, and Connick.

    5/25/2026Senate

  16. Notice House Conference Committee members appointed.

    5/25/2026Senate

  17. Read by title, roll called, yeas 91, nays 0. The Senate amendments, not having received two-thirds vote of the elected members, were rejected. Conference committee appointment pending.

    5/20/2026House

  18. Notice House rejected the Senate amendments.

    5/20/2026Senate

  19. Scheduled for concurrence on 05/20/2026.

    5/19/2026House

  20. Received from the Senate with amendments.

    5/13/2026House

  21. Rules suspended. The amended bill was read by title, passed by a vote of 34 yeas and 0 nays, and ordered returned to the House. Motion to reconsider tabled.

    5/12/2026Senate

  22. Reported without Legislative Bureau amendments. Read by title and passed to third reading and final passage.

    5/4/2026Senate

  23. Committee amendments read and adopted. Read by title and referred to the Legislative Bureau.

    4/29/2026Senate

  24. Reported with amendments.

    4/28/2026Senate

  25. Read second time by title and referred to the Committee on Commerce, Consumer Protection and International Affairs.

    4/13/2026Senate

Bill Text

Related Bills

Back to State Legislation