Debt Management
Maryland 2017 Regular Session
Financial Institutions - Credit Unions - Liens and Rights to a Setoff [HB-568]
[Finance ]
[Insurance ]
[Consumer Protection ]
Providing that a credit union does not have a lien or a right to a setoff under a specified provision of law if the member has filed for bankruptcy.
Sponsored by: Rep. Haven Shoemaker
Unfavorable Report By Economic Matters on 02/20/2017
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Gettr Maryland 2017 Regular Session
Education - Debt Service for Transferred Schools - County Reimbursement Grace Period [SB-460]
[Education ]
[Budget and Spending ]
[Funding ]
Establishing a 2-year period of time during which a county government is not required to reimburse the State for outstanding debt service for specified school buildings that are transferred to a county government; and requiring a county government to reimburse the State for a specified amount of outstanding debt service for specified school buildings after the 2-year period of time has elapsed.
Sponsored by: Sen. Joan Conway
Hearing 3/28 At 1:00 P.m. on 03/28/2018
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Maryland 2017 Regular Session
Education - Debt Service for Transferred Schools - County Reimbursement Grace Period [HB-441]
[Education ]
[Budget and Spending ]
[Funding ]
Establishing a 2-year period of time during which a county government is not required to reimburse the State for outstanding debt service for specified school buildings that are transferred to a county government; and requiring a county government to reimburse the State for a specified amount of outstanding debt service for specified school buildings after the 2-year period of time has elapsed.
Sponsored by: Rep. Maggie McIntosh
Approved By The Governor - Chapter 594 on 05/25/2017
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Maryland 2017 Regular Session
Income Tax - Subtraction Modification - Mortgage Forgiveness Debt Relief [SB-367]
[Taxes ]
[Housing ]
[Real Estate ]
Allowing a subtraction modification under the Maryland income tax for income from the discharge of indebtedness related to acquiring, constructing, substantially improving, or refinancing a principal residence; providing that the subtraction does not apply to more than $100,000 for an individual and $200,000 for a married couple filing jointly or specified individuals; applying the Act to taxable years beginning after December 31, 2016, but before January 1, 2019; etc.
Sponsored by: Sen. William Ferguson
Approved By The Governor - Chapter 231 on 04/18/2017
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Maryland 2017 Regular Session
Student Debt Disclosure Act of 2017 [HB-262]
[Student Loans ]
[Education ]
Requiring institutions of higher education that receive State funds to provide specified information to students regarding their education loans on or before October 15 each year; prohibiting an institution of higher education from incurring a specified liability; etc.
Sponsored by: Rep. Kathy Afzali
Unfavorable Report By Appropriations; Withdrawn on 04/08/2017