The bill, S.B. No. 1618, introduces new regulations regarding contracts for the purchase of residential real property located in a "colonia," defined as an economically distressed area near the international border with specific housing density. It mandates that if a purchaser requests, a copy of the executory contract must be provided in Spanish, and this translation must be done by a certified translator. However, the executed contract and any binding documents must remain in English, ensuring clarity and legal enforceability.

The provisions of this bill will only apply to contracts entered into on or after its effective date of September 1, 2025, meaning that existing contracts will continue to be governed by the previous law. This legislation aims to enhance accessibility and understanding for Spanish-speaking individuals engaging in real estate transactions in these specific areas, while maintaining the integrity of the legal documents in English.

Statutes affected:
Introduced: ()