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California bills · 2025-2026 Regular Session

California AB 1406

Attached residential condominium sales: liquidated damages.

  1. Introduced
  2. In committee
  3. Passed House
  4. Passed Senate
  5. To Governor
  6. Became law

Sponsors

Cosponsors (2)

Summary

Official abstract published by the California legislature· summary

Existing law establishes that for the initial sale of a newly constructed condominium unit, as specified, the amount actually paid to the seller in the event of a buyer's default pursuant to a liquidated damages provision that exceeds 3% of the purchase price of the residential unit is subject to specified requirements, including an accounting of the seller's costs and revenues, as specified. This bill would delete the above-specified percentage and, instead, increase that percentage to 6%.

Text versions

Roll-call votes

State vote data last updated Oct 15, 2026, 8:04 PM.

DateVoteResultYour legislators
Jan 29, 2026
House
AB 1406 Ward Assembly Third ReadingpassSet your home in California to see
Jan 13, 2026
House
Do pass as amended.passSet your home in California to see

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