State Requirements

New Hampshire 1031 Exchange Law

This bill recognizes Internal Revenue Code section 1031 like-kind exchanges which use federally disregarded entities as the recipient of replacement property, but emphasizes the character of such entities as separate entities for purposes of New Hampshire business profits tax.

Virginia Exchange Facilitators Act

HOUSE BILL NO. 417
AMENDMENT IN THE NATURE OF A SUBSTITUTE
(Proposed by the House Committee on Commerce and Labor on January 21, 2010)
(Patron Prior to Substitute––Delegate Oder)
A BILL to amend the Code of Virginia by adding in Title 55 a chapter numbered 27.1, consisting of 7 sections numbered 55-525.1 through 55-525.7, relating to exchange facilitators.

Washington Qualified Intermediary Regulation

ENGROSSED SUBSTITUTE SENATE BILL 5082 AS AMENDED BY THE HOUSE
Passed Legislature     2013 Regular Session     State of Washington     63rd Legislature
2013 Regular Session By Senate Financial Institutions, Housing & Insurance  (originally sponsored by Senators Benton and Smith)
READ FIRST TIME 01/31/13   AN ACT Relating to exchange facilitator requirements; and amending RCW 19.310.010, 19.310.040, 19.310.050, 19.310.080, 19.310.100, 19.310.110, and 19.310.120.
 

Nevada Exchange Facilitator Code

STATE OF NEVADA CHAPTER 645G - EXCHANGE FACILITATORS GENERAL PROVISIONS
NRS 645G.010 Definitions.                                            NRS 645G.020 “Commissioner” defined.
NRS 645G.030 “Division” defined.                                 NRS 645G.040 “Exchange facilitator” defined.
NRS 645G.050 “Financial institution” defined.              NRS 645G.060 “Licensee” defined.
NRS 645G.070 Applicability.
LICENSING     NRS 645G.100 License required; regulations; application; renewal of license.

Idaho Escrow Act Policy Statement #2007-4

INTERPRETATIONS OF THE IDAHO ESCROW ACT
The Idaho Escrow, Idaho Code§ 30-901 et seq., (the Act) became law in Idaho on July 1, 2005. In an effort to provide direction to Idaho businesses whose activities fall within the requirements of the Idaho Escrow Act, the Director of the Idaho Department of Finance has adopted the following interpretations of the Act: Dated at Boise, Idaho this 23rd day of July, 2007

Colorado HB 1254: Exchange Facilitator Legislation

HOUSE BILL 09-1254   BY REPRESENTATIVE(S) Judd, Rice, Ryden, Pommer; also SENATOR(S) Harvey, Carroll M., Hodge, Penry.       CONCERNING ADDITIONAL CONSUMER PROTECTIONS RELATING TO LIKE-KIND EXCHANGES FACILITATED BY EXCHANGE FACILITATORS.
Be it enacted by the General Assembly of the State of Colorado: SECTION 1. Part 7 of article 1 of title 6, Colorado Revised Statutes, is amended BY THE ADDITION OF A NEW SECTION to read: 6-1-721. Like-kind exchanges by exchange facilitators - definitions. (1) Legislative declaration. THE GENERAL ASSEMBLY HEREBY:

California SB 1007: Qualified Intermediary Regulation

An act to add and repeal Division 20.5 (commencing with Section 51000) of the Financial Code, relating to exchange facilitators.  SB 1007, Machado. Exchange facilitators.
Existing law provides for licensure and regulation of various financial institutions by the Commissioner of Financial Institutions or the Commissioner of Corporations, but does not specifically regulate persons engaged in the facilitation of like-kind exchanges of property pursuant to federal tax law.  This bill would require a person engaging in business as an exchange facilitator, as defined, to comply with certain bonding and insurance

Maine Public Law 61: Regulation of Exchange Accommodators

PUBLIC Law, Chapter 61 LD 165, item 1, 124th Maine State Legislature
An Act To Supervise and Regulate Real Estate Settlement Agents and Exchange Facilitators in Order To Protect Consumers
HP0144, LR 405, item 1, Signed on 2009-04-30 00:00:00.0 - First Regular Session - 124th Maine Legislature, page 1
An Act To Supervise and Regulate Real Estate Settlement Agents and Exchange Facilitators in Order To Protect Consumers
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 10 MRSA c. 212-C is enacted to read:  CHAPTER 212-C REGULATION OF EXCHANGE FACILITATORS

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