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Amend SB 629 on third reading as follows:
In SECTION 1, strike subsection (c) and substitute the
following:
c) A seller, who conducts less than two transactions in a
twelve month period under this Section, who fails to comply with
Subsection (a) is liable to the purchaser for:
(1) liquidated damages in the amount of $100 for each
annual statement the seller fails to provide to the purchaser
within the time required by Subsection (a); and
(2) reasonable attorney's fees.
d) A seller, who conducts two or more transactions in a
twelve month period under this section, who fails to comply with
Subsection (a) is liable to the purchaser for:
(1) liquidated damages in the amount of $250 a day for
each day after January 31 that the seller fails to provide the
purchaser with the statement, but not to exceed the fair market
value of the property; and
(2) reasonable attorney's fees.