Mortgages
Maine 131st Legislature
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An Act to Require Mortgage Holders to Notify a Homeowner's Insurance Company on the Sale or Transfer of a Mortgage [HB-553]
[Insurance ]
[Real Estate ]
[Consumer Protection ]
An Act to Require Mortgage Holders to Notify a Homeowner's Insurance Company on the Sale or Transfer of a Mortgage
Sponsored by: Rep. Anne C. Perry
Passed To Be Enacted, In Concurrence. on 05/03/2023
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Maryland 2023 Regular Session
Condominiums - Common Elements - Clean Energy Equipment [SB-593]
[Energy ]
[Housing ]
[Real Estate ]
[Construction ]
Authorizing certain governing bodies of a condominium to grant an interest affecting the common elements of the condominium for the installation and use of leased clean energy equipment; and generally relating to the common elements of a condominium and leased clean energy equipment.
Sponsored by: Sen. William C. Smith
Hearing 3/07 At 1:00 P.m. on 02/14/2023
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Maryland 2023 Regular Session
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Financial Regulation - Modernizing Licensing of Non-Depository Institutions and Elimination of Branch License Requirements [HB-686]
[Finance ]
[Insurance ]
[Consumer Protection ]
[Small Business ]
[Economic Development ]
Eliminating requirements for collection agencies and certain non-depository financial institutions to maintain separate licenses for branch locations and authorizing them to conduct business at multiple licensed locations under a single license; and altering certain other requirements and provisions governing the licensing and regulation of collection agencies and certain non-depository financial institutions, including applications, assessments, and bond requirements.
Sponsored by: Rep. Pamela Queen
Approved By The Governor - Chapter 567 on 05/08/2023
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Maryland 2023 Regular Session
Recordation Tax - Indemnity Mortgage Exemption - Threshold Amount [SB-476]
[Taxes ]
[Real Estate ]
[Finance ]
Increasing the threshold amount for certain indemnity mortgage transactions that are exempt from the recordation tax from $3,000,000 to $12,500,000; and applying the Act to all instruments of writing recorded on or after July 1, 2024.
Sponsored by: Sen. Guy J Guzzone
Third Reading Passed (137-0) on 04/10/2023
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Tennessee 113th General Assembly
AN ACT to amend Tennessee Code Annotated, Title 45 and Title 47, relative to homeowners. [SB-1257]
[Housing ]
[Consumer Protection ]
[Real Estate ]
As introduced, enacts the "Homeowner Bill of Rights." - Amends TCA Title 45 and Title 47.
Sponsored by: Sen. Raumesh A. Akbari
Passed On Second Consideration, Refer To Senate Commerce And Labor Committee on 02/06/2023
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Tennessee 113th General Assembly
AN ACT to amend Tennessee Code Annotated, Title 45 and Title 47, relative to homeowners. [HB-1172]
[Housing ]
[Consumer Protection ]
[Real Estate ]
As introduced, enacts the "Homeowner Bill of Rights." - Amends TCA Title 45 and Title 47.
Sponsored by: Rep. Vincent Dixie
Assigned To S/c Banking & Consumer Affairs Subcommittee on 02/07/2023
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Maryland 2023 Regular Session
Recordation Tax - Purchase Money Mortgage or Purchase Money Deed of Trust - Extent of Exemption [HB-457]
[Real Estate ]
[Taxes ]
Providing that the exemption from the recordation tax for a purchase money mortgage or purchase money deed of trust applies only to the extent that the purchase money mortgage or purchase money deed of trust secures purchase money.
Sponsored by: Rep. Julie Palakovich Carr
Hearing 3/28 At 1:15 P.m. on 03/23/2023
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Maryland 2023 Regular Session
State Government - Maryland Reparations Commission - Establishment (Harriet Tubman Community Investment Act) [HB-409]
[Race and Civil Rights ]
[Budget and Spending ]
[Funding ]
[Grants ]
[Human Rights ]
[Human Services ]
[Poverty ]
[Community Development ]
[Economic Development ]
Establishing the Maryland Reparations Commission to develop and administer a program to provide compensatory benefits to the descendants of individuals enslaved in the State; providing that any individual whose ancestors were enslaved in the State is eligible to receive certain benefits; authorizing the Commission to seek the assistance of State agencies to develop and evaluate processes and applications; requiring the Governor to include in the annual budget bill such sums as necessary to carry out the Act; etc.
Sponsored by: Rep. Gabriel Acevero
Withdrawn By Sponsor on 03/13/2023
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Maryland 2023 Regular Session
Financial Institutions – Mortgage Loan Originators – Independent Contractors [SB-307]
[Finance ]
[Labor, Jobs, Employment ]
[Housing ]
[Consumer Protection ]
[Insurance ]
Altering certain provisions of law relating to the licensing of mortgage loan originators to provide for the licensing of certain independent contractors as mortgage loan originators under certain circumstances; requiring licensed mortgage lenders to supervise certain activities of certain mortgage loan originators in a certain manner; and requiring the Commissioner of Financial Regulation to submit a report to certain committees of the General Assembly on or before December 31, 2024, on mortgage loan originators.
Sponsored by: Sen. Katherine Ann Klausmeier
Rereferred To Economic Matters on 04/10/2023
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Maryland 2023 Regular Session
Commercial Law - Ability to Repay Verification - Exemption [HB-400]
[Finance ]
[Housing ]
[Community Development ]
[Small Business ]
[Consumer Protection ]
Exempting mortgage loans made by community development financial institutions from certain requirements to verify the borrower's ability to repay.
Sponsored by: Rep. Nicholaus R Kipke
Hearing 3/22 At 1:00 P.m. on 03/19/2023
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Maryland 2023 Regular Session
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Recordation Tax - Indemnity Mortgage Exemption - Threshold Amount [HB-371]
[Real Estate ]
[Taxes ]
[Finance ]
Altering the threshold amount for certain indemnity mortgage transactions that are exempt from the recordation tax from less than $3,000,000 to less than $12,500,000; and applying the Act to instruments of writing recorded on or after July 1, 2024.
Sponsored by: Rep. Dalya Attar
Enacted Under Article Ii, Section 17(c) Of The Maryland Constitution - Chapter 800 on 05/28/2023
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Maryland 2023 Regular Session
Financial Institutions - Maryland Community Reinvestment Act [HB-392]
[Finance ]
[Community Development ]
[Housing ]
[Consumer Protection ]
[Economic Development ]
Requiring the Commissioner of Financial Regulation to examine and prepare a written evaluation of the record of certain regulated financial institutions in meeting the financial needs of local communities where the institution is chartered; requiring the Commissioner to give a certain regulated financial institution a certain rating based on a certain examination and to prepare a written evaluation; requiring a certain regulated financial institution to prepare a certain improvement plan under certain circumstances; etc.
Sponsored by: Rep. Melissa Wells
Withdrawn By Sponsor on 02/28/2023
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Maryland 2023 Regular Session
Financial Institutions – Mortgage Loan Originators – Independent Contractors [HB-282]
[Finance ]
[Insurance ]
[Labor, Jobs, Employment ]
[Real Estate ]
[Consumer Protection ]
Altering certain provisions of law relating to the licensing of mortgage loan originators to provide for the licensing of certain independent contractors as mortgage loan originators under certain circumstances; and requiring licensed mortgage lenders to supervise certain activities of certain mortgage loan originators in a certain manner.
Sponsored by: Rep. Pamela Queen
House Refuses Concur Senate Amendments on 04/10/2023
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Virginia 2023 Regular Session
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Mortgage lending and brokerage entities; definitions remote location requirements. [HB-2389]
[Finance ]
[Real Estate ]
[Housing ]
[Consumer Protection ]
[Technology and Innovation ]
[Data Privacy ]
Remote location requirements for mortgage lending and brokerage entities. Defines "office" and "remote location," as those terms apply to the licensing of mortgage lenders and mortgage brokers, and permits licensees to allow employees and exclusive agents to work from a remote location. The bill allows such an employee or exclusive agent to work at a remote location only if certain requirements are met, including the establishment of written policies and procedures for remote work supervision; compliance with security plans and federal and state
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Sponsored by: Rep. William D. Wiley
Governor: Approved By Governor-chapter 573 (effective 7/1/23) on 03/26/2023
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Maryland 2023 Regular Session
Recordation Tax – Purchase Money Mortgage or Purchase Money Deed of Trust – Extent of Exemption [SB-65]
[Real Estate ]
[Taxes ]
Providing that the exemption from the recordation tax for a purchase money mortgage or purchase money deed of trust applies only to the extent that the purchase money mortgage or purchase money deed of trust secures purchase money.
Sponsored by: Sen. Chris West
Hearing 1/19 At 1:30 P.m. on 01/12/2023
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Maryland 2023 Regular Session
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Property Tax - Tax Sales - Notices and Payoff Amount for Redemption [HB-21]
[Property Tax ]
[Real Estate ]
[Taxes ]
[Housing ]
Requiring that the holder of a certificate of sale include the e-mail address of certain persons in certain notices required to be sent to certain persons with an interest in a property that is sold at a tax sale; authorizing certain persons with an interest in owner-occupied property sold at a tax sale to request the current payoff amount to redeem the property; providing that the payoff amount to redeem the property provided by the holder of the certificate to the owner of the property is valid for 30 days; etc.
Sponsored by: Rep. Vanessa Atterbeary
Approved By The Governor - Chapter 274 on 05/03/2023
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Maryland 2023 Regular Session
Community Development Administration - Live Near Where You Teach Program - Establishment [HB-81]
[Community Development ]
[Education ]
[Housing ]
[Real Estate ]
[Funding ]
[Grants ]
Authorizing the Community Development Administration in the Department of Housing and Community Development to administer a home buyer assistance program and certain community development projects that assist certain school staff members with the purchase of homes near where the school staff member is employed.
Sponsored by: Rep. Marlon Amprey
Unfavorable Report By Environment And Transportation on 04/10/2023
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Maryland 2023 Regular Session
Condominiums - Common Elements - Clean Energy Equipment [HB-101]
[Energy ]
[Housing ]
[Real Estate ]
Authorizing certain governing bodies of a condominium to grant leases in excess of 1 year or similar interests affecting the common elements of the condominium for the installation and use of leased clean energy equipment; etc.
Sponsored by: Rep. Lorig Charkoudian
Referred Judicial Proceedings on 03/03/2023
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Maryland 2022 Regular Session
Baltimore County - West Baltimore County Redevelopment Authority [HB-1427]
[Community Development ]
[Economic Development ]
[Housing ]
[Real Estate ]
Authorizing Baltimore County to exercise powers to acquire, develop or redevelop, and dispose of certain land or property located in West Baltimore County for residential, commercial, or industrial purposes; authorizing the County Executive and County Council of Baltimore County to establish, by law, the West Baltimore County Redevelopment Authority and to delegate certain powers to the Authority to acquire, develop, redevelop, or dispose of certain land or property located in West Baltimore County for certain purposes; etc.
Sponsored by: Sen. Benjamin T. Brooks
First Reading House Rules And Executive Nominations on 02/17/2022
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Maryland 2022 Regular Session
Foreclosure Proceedings – Residential Mortgagors and Grantors – Access to Counsel [HB-1038]
[Housing ]
[Law Enforcement ]
[Consumer Protection ]
[Funding ]
[Grants ]
[Property Tax ]
[Public Safety ]
Requiring that certain individuals have access to legal representation in certain foreclosure proceedings; establishing the Access to Counsel in Foreclosure Proceedings Program; requiring the Maryland Legal Services Corporation, under the Program, to provide access to legal representation to certain individuals in certain foreclosure proceedings under certain circumstances; altering a certain filing fee in a foreclosure action and directing a portion of that filing fee to a certain special fund; etc.
Sponsored by: Sen. Shaneka Henson
Hearing 3/02 At 1:00 P.m. on 02/14/2022