Mortgages
Maryland 2017 Regular Session
✔
State Retirement and Pension System - Authority to Arrange Custody of Investments and Procurement Exemption [HB-202]
[Pensions ]
[Retirement ]
[Investments ]
[Budget and Spending ]
Exempting from specified procurement law expenditures made by the Board of Trustees for the State Retirement and Pension System for the safe custody of investments of the State Retirement and Pension System; transferring the authority to arrange for the safe custody of investments from the State Treasurer to the Board of Trustees; and applying the Act prospectively.
Sponsored by: Rep. Ben Barnes
Approved By The Governor - Chapter 268 on 04/18/2017
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Gettr Maryland 2017 Regular Session
Credit Regulation - Mortgage Brokers - Finder's Fee [SB-203]
[Finance ]
[Real Estate ]
[Consumer Protection ]
[Housing ]
Repealing a specified provision of law limiting the amount of a finder's fee that may be charged by a mortgage broker obtaining a mortgage loan with respect to the same property more than once within a 24-month period.
Sponsored by: Sen. Andrew A Serafini
Hearing 1/31 At 1:00 P.m. on 01/31/2017
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Maryland 2017 Regular Session
✔
Commissioner of Financial Regulation and State Collection Agency Licensing Board - Licensees - Revisions [HB-182]
[Finance ]
[Insurance ]
[Consumer Protection ]
Requiring specified licensees to obtain and maintain a specified unique identifier and transfer licensing information to the Nationwide Mortgage Licensing System and Registry during the time period established by the Commissioner of Financial Regulation; requiring the Commissioner to notify specified licensees of a specified transfer period and provide instructions for the transfer of licensing information at least 30 days before the transfer period begins; etc.
Sponsored by: Rep. Economic Matters
Approved By The Governor - Chapter 253 on 04/18/2017
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Maryland 2017 Regular Session
Financial Institutions - Mortgage Lenders - Examinations and Records [HB-142]
[Finance ]
[Insurance ]
[Consumer Protection ]
Altering the time period during which the Commissioner of Financial Regulation must examine the business of specified mortgage lender licensees from at least once during any 36-month period to at least once during any 60-month period; and altering the minimum time period for which licensed mortgage lenders must retain specified records from 25 to 61 months.
Sponsored by: Rep. Economic Matters
Hearing 2/08 At 1:00 P.m. on 02/08/2017
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Maryland 2017 Regular Session
Department of Housing and Community Development - Homebuyer Education Requirements [HB-106]
[Housing ]
[Community Development ]
[Consumer Protection ]
[Real Estate ]
[Education ]
Altering homebuyer education requirements for a loan recipient in the Down Payment and Settlement Expense Loan Program in the Department of Housing and Community Development; establishing specified requirements for the Department's homebuyer education requirements; providing that specified provisions do not alter or preempt the authority of a political subdivision to establish homebuyer education or counseling requirements for a down payment assistance program operated by the political subdivision; etc.
Sponsored by: Rep. Environment and Transportation
Favorable With Amendments Report By Education, Health, And Environmental Affairs on 04/10/2017
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Maryland 2017 Regular Session
Financial Institutions - Mortgage Lenders - Examinations and Records [SB-33]
[Finance ]
[Insurance ]
[Consumer Protection ]
Altering the time period during which the Commissioner of Financial Regulation must examine the business of specified mortgage lender licensees from at least once during any 36-month period to at least once during any 60-month period; and altering the minimum time period for which licensed mortgage lenders must retain specified records from 25 to 61 months.
Sponsored by: Sen. Finance
First Reading Economic Matters on 01/25/2017
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Maryland 2017 Regular Session
Real Property - Redeemable Ground Rents - Required Redemption [HB-45]
[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
Unfavorable Report By Environment And Transportation; Withdrawn on 02/13/2017
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Virginia 2017 Regular Session
Recordation tax; refinancing deeds of trust. [HB-2038]
[Real Estate ]
[Taxes ]
Recordation tax; refinancing deeds of trust. Exempts from recordation tax deeds of trust or mortgages that refinance an existing deed of trust or mortgage on which the recordation tax was paid within the last two years.
Sponsored by: Rep. Kathleen J. Murphy
Left In Finance on 02/07/2017