Mortgages

State (Maryland)
Maryland 2022 Regular Session

Medical Excellence Zone Compact [SB-821] [Healthcare ] [Telecommunications ]
Entering into the Medical Excellence Zone Compact for the purpose of authorizing licensed physicians to practice medicine through telehealth in other compact states; establishing the Medical Excellence Zone Commission; and providing for the withdrawal from the Compact.

  

Sponsored by: Sen. Clarence K. Lam Withdrawn By Sponsor on 02/15/2022

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State (Maryland)
Maryland 2022 Regular Session

Department of Housing and Community Development - Opportunity Zone Fund - Establishment [HB-929] [Community Development ] [Housing ] [Economic Development ] [Funding ] [Grants ]
Establishing the Opportunity Zone Fund as a special, nonlapsing fund; requiring interest earnings of the Fund to be credited to the Fund; requiring the Department of Housing and Community Development to use the Fund to operate and pay expenses of the Fund and to provide financial assistance to certain entities for projects and programs in opportunity zones; and authorizing the Department to sell certain loans and interests without Board of Public Works approval.

  

Sponsored by: Rep. Environment and Transportation Reassigned To Environment And Transportation on 02/15/2022

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State (Maryland)
Maryland 2022 Regular Session

Residential Property Foreclosure - Filing and Adjudication of Counterclaims [HB-803] [Real Estate ] [Housing ] [Finance ] [Consumer Protection ] [Law Enforcement ]
Authorizing a mortgagor or grantor to file a counterclaim under the Maryland Rules within 15 days after a postfile mediation in an action for residential property foreclosure or the date the Office of Administrative Hearings files a certain report; establishing alternative requirements to file a motion to stay in the case of postfile mediation; and requiring the adjudication of legal counterclaims before any equitable claims are undertaken.

  

Sponsored by: Rep. Nicole A. Williams Hearing 2/22 At 1:00 P.m. on 02/04/2022

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State (Maryland)
Maryland 2022 Regular Session

State Government - Maryland Reparations Commission - Establishment (Harriet Tubman Community Investment Act) [HB-594] [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. Jay Walker Hearing 3/01 At 1:30 P.m. on 02/03/2022

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State (Maryland)
Maryland 2022 Regular Session

Baltimore County - West Baltimore County Redevelopment Authority [SB-557] [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. Delores G Kelley Enacted Under Article Ii, Section 17(c) Of The Maryland Constitution - Chapter 717 on 05/29/2022

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State (Maryland)
Maryland 2022 Regular Session

Maryland Corps Program - Revisions [HB-443] [Community Development ] [Economic Development ] [Funding ] [Grants ] [Labor, Jobs, Employment ] [Nonprofit ] [Public Safety ] [Budget and Spending ]
Altering certain purposes of the Maryland Corps Program; establishing that the Program is exempt from certain provisions of law relating to procurement but is subject to a certain review by the Office of Legislative Audits; altering the membership of the Board of Directors of the Program; establishing that the Board is a body politic and corporate and is an instrumentality of the State; requiring the Board to meet at least once every two months and that Board meetings are subject to the Open Meetings Act; etc.

  

Sponsored by: Rep. Samuel I Rosenberg Hearing 2/08 At 1:00 P.m. on 01/27/2022

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State (Tennessee)
Tennessee 112th General Assembly

AN ACT to amend Tennessee Code Annotated, Title 45, Chapter 13, relative to the Tennessee Residential Lending, Brokerage, and Servicing Act. [SB-1922] [Finance ] [Housing ] [Real Estate ] [Consumer Protection ]
As enacted, requires the sponsoring mortgage lender or mortgage loan broker to ensure that each application for a residential mortgage loan contains the unique identifier, instead of the license number, of the applicable mortgage lender, mortgage loan broker, and mortgage loan originator. - Amends TCA Title 45, Chapter 13.

  

Sponsored by: Sen. Page Walley Comp. Became Pub. Ch. 659 on 03/23/2022

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State (Maryland)
Maryland 2022 Regular Session

Economic Development - Project Restore Program and Fund [HB-414] [Economic Development ] [Small Business ] [Community Development ] [Housing ] [Grants ] [Funding ]
Establishing the Project Restore Program within the Department of Housing and Community Development to provide financial incentives for small businesses and commercial developers to revitalize certain vacant retail and commercial space; authorizing the award of certain grants to certain businesses and developers under certain circumstances; establishing the Project Restore Fund as a special, nonlapsing fund in the Department; requiring interest earnings of the Fund to be credited to the Fund; etc.

  

Sponsored by: Rep. Nicholaus R Kipke Hearing 2/23 At 1:00 P.m. on 01/27/2022

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State (Maryland)
Maryland 2022 Regular Session

Economic Development - Project Restore Program and Fund [SB-393] [Economic Development ] [Small Business ] [Community Development ] [Housing ] [Funding ] [Grants ] [Nonprofit ]
Establishing the Project Restore Program within the Department of Housing and Community Development to provide financial incentives for small businesses, commercial developers, and nonprofit organizations to revitalize certain vacant retail and commercial space; authorizing the award of certain grants to certain businesses, developers, and nonprofit organizations under certain circumstances; establishing the Project Restore Fund to finance rental grants and business operation grants awarded under the Program; etc.

  

Sponsored by: Sen. Cheryl C. Kagan Hearing 3/30 At 1:00 P.m. on 03/21/2022

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State (Maryland)
Maryland 2022 Regular Session

Maryland Corps Program – Revisions [SB-228] [Labor, Jobs, Employment ] [Environmental ] [Climate Change ] [Community Development ] [Education ] [Funding ] [Grants ] [Economic Development ]
Altering certain purposes of the Maryland Corps Program by allowing participants to transition to the workforce as well as to higher education institutions; requiring that Program funds be used to expand the Chesapeake Conservation Corps and the Maryland Conservation Corps and create a Maryland Civilian Climate Corps and a Maryland Historic Trades Corp; restructuring the Board as a body politic and corporate and as an instrumentality of the State; requiring the Board to prioritize certain individuals for participation in the Program; etc.

  

Sponsored by: Sen. William C. Ferguson Enacted Under Article Ii, Section 17(b) Of The Maryland Constitution - Chapter 37 on 04/09/2022

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State (Tennessee)
Tennessee 112th General Assembly

AN ACT to amend Tennessee Code Annotated, Title 45, Chapter 13, relative to the Tennessee Residential Lending, Brokerage, and Servicing Act. [HB-1668] [Finance ] [Housing ] [Real Estate ] [Consumer Protection ]
As enacted, requires the sponsoring mortgage lender or mortgage loan broker to ensure that each application for a residential mortgage loan contains the unique identifier, instead of the license number, of the applicable mortgage lender, mortgage loan broker, and mortgage loan originator. - Amends TCA Title 45, Chapter 13.

  

Sponsored by: Rep. Dennis Powers Pub. Ch. 659 on 03/23/2022

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State (Maryland)
Maryland 2022 Regular Session

Real Property - Satisfaction of a Mortgage - Required Homeowner's Insurance (Cassidy's Law) [SB-52] [Insurance ] [Real Estate ] [Housing ] [Consumer Protection ]
Requiring an owner of residential real property in the State that is not subject to a mortgage to maintain homeowner's insurance coverage on the property with liability coverage of at least $100,000 for bodily or personal injury occurring on the property.

  

Sponsored by: Sen. Michael A. Jackson Unfavorable Report By Judicial Proceedings on 02/08/2022

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State (Maryland)
Maryland 2022 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 that assists certain teachers with receiving certain low-interest mortgages for the purchase of homes near where the teacher is employed; and requiring the Administration to administer certain community development projects to provide certain teachers with certain financial assistance to buy homes near where the teacher is employed under certain circumstances.

  

Sponsored by: Rep. Marlon Amprey First Reading Environment And Transportation on 01/12/2022

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State (Tennessee)
Tennessee 112th General Assembly

AN ACT to amend Tennessee Code Annotated, Title 45, Chapter 13, relative to the Tennessee Residential Lending, Brokerage and Servicing Act. [HB-1641] [Finance ] [Housing ] [Real Estate ] [Consumer Protection ]
As introduced, requires the sponsoring mortgage lender or mortgage loan broker to ensure that each application for a residential mortgage loan contains the Nationwide Mortgage Licensing System and Registry number, instead of the license number or a unique identifier, of the applicable mortgage lender, mortgage loan broker, and mortgage loan originator. - Amends TCA Title 45, Chapter 13.

  

Sponsored by: Rep. Jerome Moon Withdrawn. on 01/13/2022

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State (Maine)
Maine 130th Legislature

An Act To Establish a Homeowner Assistance Fund Program and Provide for the Distribution of Funds [SB-1697] [Housing ] [Funding ] [Grants ] [Real Estate ] [Budget and Spending ] [Economic Development ] [Community Development ]
An Act To Establish a Homeowner Assistance Fund Program and Provide for the Distribution of Funds

  

Sponsored by: Sen. Catherine Breen Under Suspension Of The Rules Consent Calendar - Second Day. on 05/19/2021

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State (Maryland)
Maryland 2021 Regular Session

Real Property – Satisfaction of a Mortgage – Required Homeowner’s Insurance (Cassidy’s Law) [SB-962] [Housing ] [Insurance ] [Real Estate ] [Consumer Protection ]
Requiring an owner of residential real property in the State that is not subject to a mortgage to maintain homeowner's insurance coverage on the property with liability coverage of at least $100,000 for bodily or personal injury occurring on the property.

  

Sponsored by: Sen. Michael A. Jackson Hearing 3/30 At 1:00 P.m. on 03/25/2021

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State (North Carolina)
North Carolina 2021-2022 Session

GSC Good Funds Settlement/Comm. Receivership [SB-198] [Finance ]
GSC Good Funds Settlement/Comm. Receivership

  

Sponsored by: Sen. Charles Marion Edwards Signed By Gov. 7/22/2021 on 07/22/2021

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State (Maryland)
Maryland 2021 Regular Session

Nonfederal Residential Mortgage Loans – Forbearance During a State of Emergency and Catastrophic Health Emergency for COVID–19 [HB-1370] [Housing ] [Insurance ] [Real Estate ] [Consumer Protection ] [Disaster Relief ] [Public Health ] [Healthcare ] [Finance ]
Requiring, not less than 60 days before sending a notice of foreclosure, a nonfederal mortgage lender or servicer of residential property to notify a borrower of the borrower's right to request a forbearance under certain circumstances; authorizing a borrower to request a forbearance within 90 days after receiving the notice; etc.

  

Sponsored by: Rep. Jay Jalisi First Reading House Rules And Executive Nominations on 03/01/2021

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State (Alabama)
Alabama Regular Session 2021

Residential Mortgage Satisfaction Act, recordation of satisfaction of non-resident mortgages, Sec. 35-10-27 repealed; Secs. 35-10-26, 35-10-30, 35-10-90, 35-10-91, 35-10-92, 35-10-94, 35-10-96 am'd. [HB-457] [Real Estate ] [Housing ] [Finance ]
Residential Mortgage Satisfaction Act, recordation of satisfaction of non-resident mortgages, Sec. 35-10-27 repealed; Secs. 35-10-26, 35-10-30, 35-10-90, 35-10-91, 35-10-92, 35-10-94, 35-10-96 am'd.

  

Sponsored by: Rep. Chris Pringle Third Reading Carried Over To Call Of The Chair on 05/17/2021

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State (Maryland)
Maryland 2021 Regular Session

Housing and Community Development – Mortgage, Down Payment, and Settlement Expense Assistance [SB-937] [Housing ] [Community Development ] [Student Loans ] [Finance ] [Real Estate ]
Requiring the Secretary of Housing and Community Development to take into consideration a family's student loan debt in developing eligibility requirements for certain financial assistance related to residential mortgages; clarifying that the Community Development Administration may purchase notes, mortgages, or partial interests in notes or mortgages that evidence certain new residential mortgage loans for the refinancing of existing residential mortgage loans; etc.

  

Sponsored by: Sen. Arthur Ellis Hearing 3/23 At 1:00 P.m. on 03/10/2021

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