Mortgages
Maryland 2016 Regular Session
Real Property - Redeemable Ground Rents - Required Redemption [HB-1529]
[Real Estate ]
[Housing ]
[Property Tax ]
Requiring a redeemable ground rent to be redeemed when the property subject to the ground rent is transferred or the leasehold tenant obtains or refinances a loan on the property; requiring the transferee or borrower to request a redemption statement from the ground lease holder if the ground lease is registered with the State Department of Assessments and Taxation; requiring the ground lease holder to send a redemption statement containing specified information within 60 days after receiving a request; etc.
Sponsored by: Rep. Marvin E Holmes
Hearing 3/31 At 1:00 P.m. on 03/31/2016
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Gettr Maryland 2016 Regular Session
Transfer of Structured Settlement Payment Rights - Purchase of Residence [HB-1470]
[Real Estate ]
[Housing ]
[Consumer Protection ]
[Finance ]
Authorizing a transfer of structured settlement payment rights if authorized in an order of court based on a finding that the purpose of the transfer is to purchase a residential dwelling unit in the State to be occupied by the payee as the payee's principal residence and the transferee is a lending institution that has made a commitment to make a loan to the payee secured by a first mortgage or deed of trust on the dwelling unit; etc.
Sponsored by: Rep. Angela Angel
Unfavorable Report By Judiciary on 03/18/2016
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Maryland 2016 Regular Session
Real Property - Vacant and Abandoned Property - Expedited Foreclosure [HB-1377]
[Real Estate ]
[Housing ]
[Property Tax ]
[Community Development ]
[Construction ]
[Law Enforcement ]
Authorizing a secured party to petition the circuit court for leave to immediately commence an action to foreclose the mortgage or deed of trust on specified vacant and abandoned property; authorizing a county, municipal corporation, homeowners association, or condominium to notify a secured party of any vacant and abandoned property located in the county, municipal corporation, homeowners association, or condominium in a specified manner; specifying the contents of a specified notice; etc.
Sponsored by: Sen. Mike McKay
Referred To Interim Study By Environment And Transportation on 03/14/2016
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Maryland 2016 Regular Session
Housing and Community Development - Community Development Program Act [HB-1274]
[Community Development ]
[Housing ]
[Taxes ]
[Economic Development ]
Establishing the Community Development Program in the Department of Housing and Community Development; requiring the Department to perform specified duties; establishing the Community Development Board in the Department; requiring the Board to perform specified duties; establishing the Community Development Fund as a special, nonlapsing fund; specifying the purpose of the Fund; requiring the Department to administer the Fund; providing for the imposition of the community development transfer tax under specified circumstances; etc.
Sponsored by: Rep. Sheila Ellis Hixson
Hearing 3/01 At 1:00 P.m. (environment And Transportation) on 03/01/2016
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Maryland 2016 Regular Session
✔
Real Property - Condominiums and Homeowners Associations - Resales - Disclosures and Fees [HB-1192]
[Real Estate ]
[Housing ]
[Consumer Protection ]
Altering the contents of the certificate that a unit owner is required to furnish to a purchaser on resale of a unit; specifying a maximum fee of $250 that a council of unit owners may charge for furnishing a certificate to a unit owner; requiring the Department of Housing and Community Development to adjust in a specified manner the maximum fee that a council of unit owners may charge for furnishing a certificate to a unit owner; requiring a homeowners association to provide specified information to a lot owner on resale of a lot; etc.
Sponsored by: Rep. Marvin E Holmes
Enacted Under Article Ii, Section 17(c) Of The Maryland Constitution - Chapter 735 on 05/28/2016
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Maryland 2016 Regular Session
Foreclosed Property Registry - Responsibility for Maintenance of Residential Property, Registration Requirement, and Access to Registry [HB-1171]
[Real Estate ]
[Housing ]
[Property Tax ]
[Consumer Protection ]
Establishing that, on and after the filing of an action to foreclose a mortgage or deed of trust on residential property, the secured party shall be responsible for maintenance of the property until the foreclosure sale occurs; requiring the secured party to submit a registration to the Foreclosed Property Registry within 30 days after the filing of a foreclosure action on residential property; requiring the registration to be in a specified form and contain specified information; establishing fees; applying the Act prospectively; etc.
Sponsored by: Rep. Mary Ann Lisanti
Referred To Interim Study By Environment And Transportation on 03/14/2016
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Maryland 2016 Regular Session
Human Relations - Discrimination in Housing - Reentry-Into-Society Status [HB-106]
[Housing ]
[Human Rights ]
[Real Estate ]
[Community Development ]
[Crime ]
[Criminal Justice ]
[Law Enforcement ]
Expanding the housing policy of the State to include providing for fair housing to all citizens regardless of reentry-into-society status; prohibiting a person from refusing to sell or rent a dwelling to any person because of reentry-into-society status; prohibiting a person from discriminating against any person in the terms, conditions, or privileges of the sale or rental of a dwelling because of reentry-into-society status; etc.
Sponsored by: Sen. William C. Smith
Unfavorable Report By Environment And Transportation on 02/22/2016
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Alabama Regular Session 2016
Mortgages, recording fee increased, distrib. to the Alabama Housing Trust Fund and the Alabama Homebuyer's Initiative, Sec. 40-22-2 am'd. [HB-341]
[Finance ]
[Housing ]
[Real Estate ]
[Funding ]
[Grants ]
Mortgages, recording fee increased, distrib. to the Alabama Housing Trust Fund and the Alabama Homebuyer's Initiative, Sec. 40-22-2 am'd.
Sponsored by: Rep. Patricia Todd
Read For The First Time And Referred To The House Of Representatives Committee On Ways And Means General Fund on 02/25/2016
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Alabama Regular Session 2015
Mortgages, fee increase for recording of mortgages, deeds of trust, distribution of proceeds to Alabama Housing Trust Fund, Sec. 40-22-2 am'd. [HB-141]
[Finance ]
[Housing ]
[Real Estate ]
[Funding ]
Mortgages, fee increase for recording of mortgages, deeds of trust, distribution of proceeds to Alabama Housing Trust Fund, Sec. 40-22-2 am'd.
Sponsored by: Rep. Patricia Todd
Read For The First Time And Referred To The House Of Representatives Committee On Financial Services on 03/05/2015
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Maryland 2015 Regular Session
Fair Foreclosure Act of 2015 [SB-877]
[Real Estate ]
[Housing ]
[Consumer Protection ]
[Law Enforcement ]
[Property Tax ]
Requiring an action to foreclose a mortgage or deed of trust on residential property to be commenced by filing a complaint; requiring practice and procedure in an action to foreclose a mortgage or deed of trust on residential property to be governed by Title 2 of the Maryland Rules; prohibiting a foreclosure sale of residential property from occurring until at least 30 days after the court enters judgment in favor of the secured party; etc.
Sponsored by: Sen. Susan C Lee
Unfavorable Report By Judicial Proceedings on 03/26/2015
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Maryland 2015 Regular Session
Foreclosure - Indorsement of Debt Instrument, Lost Note Affidavit, and Penalties for False Statements [SB-876]
[Real Estate ]
[Housing ]
[Crime ]
[Consumer Protection ]
[Law Enforcement ]
[Property Tax ]
[Public Safety ]
Altering the requirements for the debt instrument required to be filed with an order to docket or complaint to foreclose a mortgage or deed of trust on residential property; altering the requirements for a lost note affidavit in a residential foreclosure action; providing that a person who knowingly makes a false statement in specified documents required to be filed with a court is guilty of a misdemeanor and if convicted is subject to imprisonment not to exceed 1 year or a fine not to exceed $10,000 or both; applying the Act prospectively.
Sponsored by: Sen. Susan C Lee
Unfavorable Report By Judicial Proceedings on 03/26/2015
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Maryland 2015 Regular Session
Real Property - Foreclosure - Owner-Occupied Residential Property - Prohibition on Collection of Deficiency [SB-875]
[Real Estate ]
[Housing ]
[Consumer Protection ]
Prohibiting a secured party from obtaining a deficiency judgment or taking any other action to collect a deficiency in an action to foreclose a mortgage or deed of trust on owner-occupied residential property that was recorded on or after October 1, 2015; etc.
Sponsored by: Sen. Susan C Lee
Unfavorable Report By Judicial Proceedings on 04/03/2015
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Maryland 2015 Regular Session
Real Property - Foreclosure Moratorium and Study (Foreclosure Relief Act of 2015) [SB-835]
[Real Estate ]
[Housing ]
[Finance ]
[Consumer Protection ]
Prohibiting a lender from maintaining an action to foreclose a mortgage or deed of trust on residential property in the State for a specified period of time; requiring the Office of the Attorney General to study, evaluate, and make recommendations regarding specified foreclosure alternatives and report its findings to the General Assembly on or before January 1, 2016; and providing for the termination of specified provisions of the Act.
Sponsored by: Sen. Charles Anthony Muse
Unfavorable Report By Finance; Withdrawn on 03/26/2015
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Maryland 2015 Regular Session
Foreclosure Sales of Residential Property - Motion for Deficiency Judgment [SB-783]
[Real Estate ]
[Housing ]
[Finance ]
[Consumer Protection ]
Altering the time period, from 3 years to 2 years, within which a specified motion for a deficiency judgment must be filed after the final ratification of the auditor's report following a specified foreclosure sale; applying Section 1 of the Act prospectively to any motion for a deficiency judgment filed on or after July 1, 2015, on a deed of trust, mortgage, or promissory note that secures or is secured by residential property that was owner-occupied at the time the order to docket or complaint to foreclose was filed; etc.
Sponsored by: Sen. James Brochin
Hearing 3/19 At 1:00 P.m. on 03/19/2015
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Maryland 2015 Regular Session
Prince George's County - Foreclosure Relief Act of 2015 [SB-756]
[Real Estate ]
[Housing ]
[Consumer Protection ]
[Law Enforcement ]
[Property Tax ]
Requiring the court to send the mortgagor or grantor a specified checklist when a specified foreclosure action is filed in Prince George's County; prohibiting a lender from maintaining an action to foreclose a mortgage or deed of trust on residential real property in Prince George's County for 6 months; requiring the Office of the Attorney General to study specified matters relating to foreclosure actions and report the findings to the General Assembly on or before July 1, 2016; terminating specified provisions of the Act; etc.
Sponsored by: Sen. Charles Anthony Muse
Floor Amendment (senator Muse) {283421/1 Rejected (22-24) on 04/03/2015
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Maryland 2015 Regular Session
✖
Real Property - Contract for Sale of New Home [SB-649]
[Real Estate ]
[Housing ]
[Construction ]
[Consumer Protection ]
Requiring a contract for the initial sale of a new home to include a specified provision under specified circumstances; authorizing a seller or purchaser to declare a specified contract void and of no effect under specified circumstances; requiring a seller to return to a purchaser any deposit paid under a specified contract under specified circumstances; and requiring a deposit held by a licensed real estate broker to be distributed in accordance with specified provisions of law.
Sponsored by: Sen. Charles Anthony Muse
Vetoed By The Governor (duplicative) on 05/12/2015
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Maryland 2015 Regular Session
Budget Reconciliation and Financing Act of 2015 [SB-57]
[Budget and Spending ]
[Finance ]
[Taxes ]
[Property Tax ]
Authorizing or altering the distribution of specified revenue; altering or repealing specified required appropriations; authorizing the use of specified funds for specified purposes; providing for the transfer of specified funds; repealing a specified requirement for a specified notice relating to abandoned property to be published in specified newspapers; requiring the Comptroller to maintain a specified abandoned property database; etc.
Sponsored by: Sen. Thomas V. Miller
Hearing 3/04 At 1:00 P.m. on 03/04/2015
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Maryland 2015 Regular Session
✔
Life Insurers - Reserve Investments - Loans Secured by Real Estate [SB-325]
[Insurance ]
[Real Estate ]
[Finance ]
Altering the maximum term, to not more than 30 years, of specified loans on specified nonresidential and nonfarm real estate that a life insurer may include in its reserve investments; and making conforming changes.
Sponsored by: Sen. Catherine E Pugh
Approved By The Governor - Chapter 25 on 04/14/2015
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Maryland 2015 Regular Session
Prince George's County - Foreclosure Relief Act of 2015 PG 423-15 [HB-929]
[Real Estate ]
[Housing ]
[Finance ]
[Consumer Protection ]
[Law Enforcement ]
[Property Tax ]
Requiring the court to send the mortgagor or grantor a specified checklist when a specified foreclosure action is filed in Prince George's County; prohibiting a lender from maintaining an action to foreclose a mortgage or deed of trust on residential real property in Prince George's County for 6 months; requiring the Office of the Attorney General to study specified matters relating to foreclosure actions and report the findings to the General Assembly on or before July 1, 2016; terminating specified provisions of the Act; etc.
Sponsored by: Rep. Prince George's County Delegation
First Reading Environment And Transportation on 02/13/2015
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Maryland 2015 Regular Session
Real Property - Foreclosure - Prohibition on Deficiency Judgment [HB-840]
[Real Estate ]
[Housing ]
[Consumer Protection ]
Prohibiting a secured party from obtaining a deficiency judgment in an action to foreclose a mortgage or deed of trust on specified owner-occupied residential property that was recorded on or after October 1, 2015.
Sponsored by: Rep. Tony Knotts
Unfavorable Report By Environment And Transportation on 03/20/2015