Prohibits large institutional investors from purchasing single-family homes in the state.
Prohibits large institutional investors from purchasing single-family homes in the state, with exceptions for certain build-to-rent programs, mortgage servicers, and other entities. Defines "large institutional investor" and "excepted purchase." Prohibits the purchase of single-family homes by large institutional investors unless they meet specific criteria, such as being part of a build-to-rent program or mitigating loss from unpaid rent.
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