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HB 468LOUISIANASession 2026State BillSigned into law

Enacted

Louisiana regulates residential real estate wholesaling and establishes mandatory seller disclosures and cancellation rights

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

Last action · June 9, 2026: Effective date: 08/01/2026.Sponsor: Troy Hebert

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What This Bill Does

Louisiana establishes new legal definitions and operational rules for residential real estate wholesalers, requiring written disclosures of intent to assign contracts, a mandatory five-day cancellation period for sellers, and mandatory escrow deposits of at least one percent. Wholesalers are prohibited from acting as seller advisors, placing liens on properties, or engaging in deceptive practices, with violations penalized by civil fines up to $5,000 per violation.

Why it matters

Residential property sellers gain a legally enforceable five-day right to cancel contracts without penalty, while wholesalers face strict disclosure mandates, deposit requirements, and civil penalties for non-compliance.

Background

House Bill 468 was enacted during the 2026 Regular Session of the Louisiana Legislature and signed into law as Act 807. context
Real estate wholesaling involves an individual or entity entering into a purchase contract with a property owner and then assigning that contractual right to a third-party buyer for a fee before taking legal ownership. context

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

residential real estate wholesalers

Wholesalers must provide written intent disclosures, offer a 5-day cancellation period, hold minimum escrow deposits, and face civil penalties and contract voidability for non-compliance.

Directly affected

sellers of residential real property

Sellers receive a mandatory 5-day cancellation right, written disclosure protections, and the option to void non-compliant contracts prior to title transfer.

Key Facts

Residential real property is defined as real property consisting of one to four residential dwelling units occupied or intended for single-family occupancy.
A wholesaler is defined as any person or entity engaged in or intending to engage in the wholesaling of residential real property.
Wholesaling is defined as securing, negotiating, or facilitating the purchase or sale of residential real property with the purpose of transferring, assigning, or selling a contractual right or equitable interest for financial gain.
Wholesalers must prominently disclose in writing before contract execution that they intend to assign, transfer, or sell their contractual rights for a higher price.

Show all 10 facts

Sellers have the right to cancel any wholesaling contract for any reason and without penalty for at least five calendar days after execution.
Contracts involving wholesaling must conspicuously include a specific notice of the cancellation right and the exact date and time by which the contract may be canceled, located near the seller's signature.
Deposits involved in a wholesaling transaction must be kept in the seller's account or an escrow account in a state-maintained, federally insured financial institution and must equal at least one percent of the purchase price.
Failure to include required disclosures renders the wholesaling contract immediately voidable and terminable at the seller's discretion prior to transfer of title.
Any violation of the statute constitutes both an unfair trade practice enforced by the attorney general and a licensing violation enforced by the commission.
Persons who violate the section are subject to a civil penalty not to exceed $5,000 per violation imposed by the commission.

Frequently Asked Questions

What is a real estate wholesaler under this law?

A wholesaler is any person or entity that secures, negotiates, or facilitates the purchase or sale of residential real property with the purpose of transferring, assigning, or selling a contractual right or for financial gain.

How long does a seller have to cancel a wholesaling contract?

A seller has the right to cancel any contract for any reason and without penalty for at least five calendar days after the date of execution by either the seller or the wholesaler, whichever is later.

What happens if a wholesaler fails to provide the required disclosures?

The contract becomes immediately voidable and terminable at any time prior to the transfer of title, entirely at the seller's sole discretion upon written notice.

Are there financial deposit requirements for these transactions?

Yes, contracts must include a deposit of at least one percent of the purchase price, which must be held in an escrow account at a federally insured financial institution or in the seller's account.

What else do you want to know?

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Where This Stands

Current status: Signed into law.

Procedural history

38 actions

Jun 9, 2026HouseEnrolled
Signed by the Governor. Becomes Act No. 807.
Jun 9, 2026House
Effective date: 08/01/2026.
Jun 2, 2026House
Sent to the Governor for executive approval.
Jun 1, 2026HouseEnrolled
Enrolled and signed by the Speaker of the House.
Jun 1, 2026SenateEnrolled
Signed by the President of the Senate.
May 31, 2026HouseFloor
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.

Show 32 earlier actions

May 31, 2026SenateFloor
Notice House adopted the Conference Committee Report.
May 31, 2026SenateFloor
Conference Committee Report read; adopted by a vote of 35 yeas and 0 nays.
May 31, 2026House
Notice of Senate adoption of Conference Committee Report.
May 27, 2026House
Conference Committee report received. Lies over under the rules.
May 27, 2026Senate
Conference committee report received.
May 27, 2026House
Scheduled for floor debate on 05/31/2026.
May 26, 2026House
Notice of Senate conferees appointed.
May 25, 2026House
House conferees appointed: Hebert, Deshotel, and Jacob Landry.
May 25, 2026Senate
Senate conference committee members appointed: Miller, Allain, and Connick.
May 25, 2026Senate
Notice House Conference Committee members appointed.
May 20, 2026HouseIntroduced
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.
May 20, 2026Senate
Notice House rejected the Senate amendments.
May 19, 2026House
Scheduled for concurrence on 05/20/2026.
May 13, 2026House
Received from the Senate with amendments.
May 12, 2026SenateFloor
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.
May 4, 2026SenateFloor
Reported without Legislative Bureau amendments. Read by title and passed to third reading and final passage.
Apr 29, 2026SenateFloor
Committee amendments read and adopted. Read by title and referred to the Legislative Bureau.
Apr 28, 2026Senate
Reported with amendments.
Apr 13, 2026SenateCommittee
Read second time by title and referred to the Committee on Commerce, Consumer Protection and International Affairs.
Apr 8, 2026Senate
Received in the Senate. Read first time by title and placed on the Calendar for a second reading.
Apr 7, 2026House
Called from the calendar.
Apr 7, 2026HouseFloor
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.
Mar 30, 2026House
Notice given.
Mar 30, 2026House
Scheduled for floor debate on 04/07/2026.
Mar 26, 2026HouseIntroduced
Read by title, returned to the calendar.
Mar 25, 2026House
Scheduled for floor debate on 03/26/2026.
Mar 24, 2026HouseFloor
Read by title, amended, ordered engrossed, passed to 3rd reading.
Mar 23, 2026House
Reported with amendments (13-0).
Mar 9, 2026HouseIntroduced
Read by title, under the rules, referred to the Committee on Commerce.
Feb 27, 2026House
First appeared in the Interim Calendar on 2/27/2026.
Feb 26, 2026House
Prefiled.
Feb 26, 2026HouseCommittee
Under the rules, provisionally referred to the Committee on Commerce.

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

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Lobbying Activity

No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.

Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Related Legislation

State Bill

Kentucky House Bill 468 transfers civil rights adjudications to the Court of Justice and aligns disability definitions with federal law

Kentucky House Bill 468 shifts civil rights enforcement duties from administrative agencies to the state Court of Justice to secure jury trials, while

Discoveries

1 pattern noticed across the record

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift98% confidence

Establishment of Statutory Wholesaling Rules

Louisiana formally incorporates definitions and strict disclosure, escrow, and cancellation frameworks for residential real estate wholesaling under R.S. 37.

Troy Hebert

Connected Entities

Troy Hebert

PersonTroy Hebert“Representative who introduced House Bill No. 468”Map →

Sources

Open source document

www.legis.la.gov

Analysis Score

0–100

Significance75
How much this matters to a regular citizen
Controversy40
Intensity of disagreement among stakeholders
Entertainment10
Compellingness for a non-policy-wonk reader
Buzz30
Current news / social attention level

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