Pop star Katy Perry has faced significant backlash over her real estate dealings, which have led to legal disputes, particularly with elderly community members. Her most notable controversy involves the proposed PERRY Act, which aims to protect the elderly during property transactions by allowing a 72-hour period to rescind contracts. Despite its name referencing Perry, it highlights serious issues of elder financial abuse. While the act gained bipartisan support, it never advanced in legislation, although public petitions still resonate. Perry's real estate endeavors continue to garner media attention.
Katy Perry's foray into real estate has sparked intense backlash, leading to proposed legislation, the PERRY Act, aimed at preventing elder financial abuse.
The PERRY Act establishes a 72-hour rescission period for real estate transactions involving parties over 75, aimed at safeguarding elderly buyers.
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