Mortgages
Virginia 2021 Special I
✔
Deeds of trust; amendment to loan document, statement of interest rate of a refinanced mortgage. [HB-1882]
[Real Estate ]
[Finance ]
[Housing ]
[Property Tax ]
Deeds of trust; amendment to loan document; statement of interest rate of a refinance mortgage. Provides that a deed of trust that has been recorded and that states that it secures indebtedness or other obligations under a loan document and that it also secures indebtedness or other obligations under such loan document as it may be amended, modified, supplemented, or restated shall secure such loan document as amended, modified, supplemented, or restated from time to time, without the necessity of recording an amendment to such deed of trust. The
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Sponsored by: Rep. Steve E. Heretick
Governor: Approved By Governor-chapter 13 (effective 7/1/21) on 02/25/2021
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Gettr
Maryland 2021 Regular Session
Commercial Law - Credit Regulation - Reverse Mortgage Loans Act - Revisions [HB-1196]
[Finance ]
[Housing ]
[Real Estate ]
[Senior Citizens ]
[Consumer Protection ]
Requiring that a borrower of a reverse mortgage loan be at least 60 years old and occupy the dwelling that secures the reserve mortgage loan as a principal residence; requiring a certain lender or an arranger of financing to provide a prospective borrower certain documents at certain times; requiring a certain lender to provide to the borrower a certain statement by January 31 each year and a certain disclosure at certain times; etc.
Sponsored by: Rep. Christopher Troy Adams
Withdrawn By Sponsor on 04/10/2021
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Maryland 2021 Regular Session
✔
Financial Institutions - Determination of Creditworthiness - Evaluation Rules and Alternative Methods [HB-1213]
[Finance ]
[Housing ]
[Consumer Protection ]
[Real Estate ]
Requiring certain credit grantors to adhere to certain rules concerning evaluations of applications and, under certain circumstances, consider alternative methods of evaluating an applicant's creditworthiness when evaluating an application for a primary residential mortgage loan or an extension of credit.
Sponsored by: Rep. Pamela Queen
Enacted Under Article Ii, Section 17(c) Of The Maryland Constitution - Chapter 426 on 05/30/2021
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Maryland 2021 Regular Session
Small Business COVID–19 Relief Act of 2021 [SB-772]
[Small Business ]
[Disaster Relief ]
[Economic Development ]
[Funding ]
[Grants ]
[Public Health ]
[Healthcare ]
Establishing the Maryland COVID-19 Emergency Loan Program in the Department of Commerce to provide working capital to assist Maryland for-profit small businesses, the operators of which have been disrupted due to COVID-19, and offer interim relief complementing actions with those of businesses' banks, business interruption insurance, and financial partners; authorizing the Department of Commerce to issue loans to certain eligible small businesses under certain circumstances; etc.
Sponsored by: Sen. Katie Fry Hester
Hearing Canceled on 02/19/2021
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Maryland 2021 Regular Session
Mortgage Servicers - Requirements and Prohibitions During and After a State of Emergency and Catastrophic Health Emergency (Foreclosure Relief Act of 2021) [SB-724]
[Housing ]
[Real Estate ]
[Insurance ]
[Disaster Relief ]
[Public Health ]
[Healthcare ]
[Consumer Protection ]
[Law Enforcement ]
[Property Tax ]
[Public Safety ]
[Economic Development ]
Prohibiting a certain mortgage servicer from commencing or completing an action to foreclose a mortgage or deed of trust during a state of emergency and catastrophic health emergency; requiring a servicer to grant a forbearance to a borrower under certain circumstances; prohibiting a period of forbearance from lasting more than 180 days except under certain circumstances; requiring a servicer to notify a borrower of a certain right to mediation under certain circumstances; etc.
Sponsored by: Sen. Jill P Carter
Hearing 3/02 At 1:00 P.m. on 02/09/2021
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Maryland 2021 Regular Session
Mortgage Servicers - Requirements and Prohibitions During and After a State of Emergency and Catastrophic Health Emergency (Foreclosure Relief Act of 2021) [HB-1009]
[Housing ]
[Real Estate ]
[Insurance ]
[Healthcare ]
[Disaster Relief ]
[Public Health ]
[Consumer Protection ]
[Law Enforcement ]
[Public Safety ]
Prohibiting a certain mortgage servicer from commencing or completing an action to foreclose a mortgage or deed of trust during a state of emergency and catastrophic health emergency; requiring a servicer to grant a forbearance to a borrower under certain circumstances; prohibiting a period of forbearance from lasting more than 180 days except under certain circumstances; requiring a servicer to notify a borrower of a certain right to mediation under certain circumstances; etc.
Sponsored by: Rep. Vaughn Stewart
Unfavorable Report By Economic Matters on 04/10/2021
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Maryland 2021 Regular Session
Community Development Administration – Live Near Your School Program – Establishment [HB-943]
[Community Development ]
[Housing ]
[Education ]
[Economic Development ]
[Funding ]
[Grants ]
Authorizing the Community Development Administration in the Department of Housing and Community Development to administer a home buyer assistance program that assists current students and recent graduates of public institutions of higher education to receive certain low-interest mortgages for the purchase of homes near their schools; authorizing the Administration to administer community development projects known as the Live Near Your School program; etc.
Sponsored by: Rep. Tony Bridges
Third Reading Passed (135-4) on 04/12/2021
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Maryland 2021 Regular Session
✔
Community Development Administration - Live Near Your School Program - Establishment [SB-637]
[Community Development ]
[Housing ]
[Education ]
[Economic Development ]
[Student Loans ]
Authorizing the Community Development Administration in the Department of Housing and Community Development to administer a home buyer assistance program that assists current students and recent graduates of public institutions of higher education to receive certain low-interest mortgages for the purchase of homes near their schools; authorizing the Administration to administer community development projects known as the Live Near Your School program; etc.
Sponsored by: Sen. Antonio Hayes
Approved By The Governor - Chapter 247 on 05/18/2021
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Maine 130th Legislature
An Act To Protect Home Ownership [SB-122]
[Real Estate ]
[Housing ]
[Consumer Protection ]
An Act To Protect Home Ownership
Sponsored by: Sen. Denise Tepler
Pursuant To Joint Rule 310.3 Placed In Legislative Files (dead) on 06/03/2021
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Maryland 2021 Regular Session
Commercial Law – Credit Regulation – Reverse Mortgage Loans Act – Revisions [SB-457]
[Finance ]
[Housing ]
[Real Estate ]
[Senior Citizens ]
[Consumer Protection ]
Requiring that a borrower of a reverse mortgage loan be at least 60 years old and occupy the dwelling that secures the reserve mortgage loan as a principal residence; requiring a certain lender or an arranger of financing to provide a prospective borrower certain documents at certain times; requiring a certain lender to provide to the borrower a certain statement by January 31 each year and a certain disclosure at certain times; etc.
Sponsored by: Sen. Brian J. Feldman
Hearing 2/16 At 1:00 P.m. on 01/24/2021
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Maryland 2021 Regular Session
Early Childhood Education - Child Care Provider Support Grant Program (The Child Care Provider Support Act) [HB-608]
[Education ]
[Children and Youth ]
[Funding ]
[Grants ]
[Budget and Spending ]
[Human Services ]
Establishing the Child Care Provider Support Grant Program to provide funds to eligible grantees to help support the operations of child care centers; requiring the Department of Commerce, in consultation with the State Department of Education, to implement and administer the Grant Program and, in consultation with certain industry leaders or advisory groups, to adopt certain regulations; requiring the Governor to include in the annual budget bill an appropriation of $25,000,000 for the Grant Program; etc.
Sponsored by: Rep. Jared Scott Solomon
Hearing 2/05 At 1:30 P.m. (ways And Means) on 01/23/2021
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Maryland 2021 Regular Session
✔
Clean Energy Loan Program - Remediation and Resiliency [HB-517]
[Energy ]
[Environmental ]
[Climate Change ]
[Water ]
[Funding ]
[Grants ]
[Public Health ]
[Economic Development ]
Expanding the purpose of a certain clean energy loan program to include loans for water efficiency projects, environmental remediation projects intended to remove environmental or health hazards, and resiliency projects to increase the capacity of a property to withstand the effects of climate change; adding water efficiency projects and environmental remediation and resiliency projects to the items requiring eligibility requirements under a certain ordinance; etc.
Sponsored by: Rep. Courtney Watson
Enacted Under Article Ii, Section 17(c) Of The Maryland Constitution - Chapter 441 on 05/30/2021
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Maryland 2021 Regular Session
Workgroup on Minority Homeownership, Neighborhood Revitalization, and Household Wealth Equity [SB-117]
[Housing ]
[Community Development ]
[Economic Development ]
[Race and Civil Rights ]
Establishing the Workgroup on Minority Homeownership, Neighborhood Revitalization, and Household Wealth Equity; requiring the Workgroup to study and make recommendations to promote homeownership and create wealth-building opportunities for minority households and promote community revitalization through targeted investments in homeownership; requiring the Workgroup to report its findings and recommendations to the Governor and the General Assembly by December 1, 2021; etc.
Sponsored by: Sen. Charles E. Sydnor
Hearing 2/09 At 1:00 P.m. on 01/22/2021
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Maryland 2021 Regular Session
✔
Commissioner of Financial Regulation - Licensing of Nondepository Institutions - Elimination of Paper License Requirements [SB-251]
[Finance ]
[Technology and Innovation ]
[Consumer Protection ]
Providing for the elimination of certain paper licenses for collection agencies, credit services, lenders, installment lenders, mortgage lenders, mortgage loan originators, sales finance companies, check cashing services, money transmission businesses, and debt management services; providing for the licensing of certain persons for certain activities through the Nationwide Mortgage Licensing System and Registry (NMLS); requiring that certain licenses provided for through NMLS include certain information; etc.
Sponsored by: Sen. Finance
Hearing 1/20 At 1:00 P.m. on 12/23/2021
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Maryland 2021 Regular Session
Clean Energy Loan Program - Remediation and Resiliency [SB-319]
[Energy ]
[Environmental ]
[Water ]
[Climate Change ]
[Funding ]
[Grants ]
[Public Health ]
[Economic Development ]
Expanding the purpose of a certain clean energy loan program to include loans for water efficiency projects, environmental remediation projects intended to remove environmental or health hazards, and resiliency projects to increase the capacity of a property to withstand the effects of climate change; adding water efficiency projects, environmental remediation, resiliency projects, and grid resiliency projects to the list of items that require eligibility requirements under a certain ordinance; etc.
Sponsored by: Sen. Sarah K. Elfreth
Favorable With Amendments {550210/1 on 04/12/2021
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Maryland 2021 Regular Session
Workgroup on Minority Homeownership, Neighborhood Revitalization, and Household Wealth Equity [HB-58]
[Housing ]
[Community Development ]
[Economic Development ]
[Race and Civil Rights ]
[Real Estate ]
Establishing the Workgroup on Minority Homeownership, Neighborhood Revitalization, and Household Wealth Equity; requiring the Workgroup to study and make recommendations to promote homeownership and create wealth-building opportunities for minority households and promote community revitalization through targeted investments in homeownership; requiring the Workgroup to report its findings and recommendations to the Governor and the General Assembly by December 1, 2021; etc.
Sponsored by: Rep. Brooke Elizabeth Lierman
Hearing 2/09 At 1:30 P.m. (environment And Transportation) on 01/26/2021
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Maryland 2018 Regular Session
Homeowners Association Act - Boards of Directors, Voting, Meetings, Recordation, and Rules [SB-883]
[Real Estate ]
[Housing ]
[Consumer Protection ]
Altering the fee which a homeowners association may impose for a certain inspection from $50 to $100; establishing that a homeowners association shall be composed of all lot owners and that the bylaws may authorize the delegation of any power of the homeowners association; establishing certain powers of the board of directors of a homeowners association; requiring certain notice of certain meetings be provided to members of a homeowners association a certain period of time before the meeting and in a certain manner; etc.
Sponsored by: Sen. Susan C Lee
Hearing 3/01 At 1:00 P.m. on 03/01/2018
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Maryland 2018 Regular Session
✔
Credit Regulation - Escrow Accounts - Water and Sewer Facilities Assessments [SB-755]
[Finance ]
[Water ]
[Housing ]
[Real Estate ]
[Consumer Protection ]
Authorizing a certain lending institution that makes a certain loan secured by a certain first mortgage or first deed of trust to create a certain escrow account solely for the payment of water and sewer facilities assessments on a certain request; providing that certain provisions of law do not apply to the payment of water and sewer facilities assessments under a certain direct reduction method; providing that funds in a certain escrow account for use for certain purposes may not be used in a certain manner; etc.
Sponsored by: Sen. Douglas J.J. Peters
Approved By The Governor - Chapter 340 on 04/24/2018
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Maryland 2018 Regular Session
Financial Institutions - Nondepository Special Fund - Expansion [SB-6]
[Finance ]
[Consumer Protection ]
[Small Business ]
[Economic Development ]
Requiring certain revenue, fees, and examination and investigation fees and assessments relating to the licensure of collection agencies, consumer lenders, installment lenders, sales finance companies, mortgage lenders, check cashing services, and credit services businesses to be credited to the Nondepository Special Fund; altering the composition and the purpose of the Fund; etc.
Sponsored by: Sen. Finance
First Reading Economic Matters on 01/26/2018
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Maryland 2018 Regular Session
✔
Credit Regulation - Mortgage Brokers - Finder's Fee [SB-566]
[Finance ]
[Real Estate ]
[Consumer Protection ]
[Housing ]
Altering a certain 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. Thomas McClain Middleton
Enacted Under Article Ii, Section 17(c) Of The Maryland Constitution - Chapter 845 on 05/26/2018