Mortgages
Maryland 2019 Regular Session
✔
Maryland Commercial Receivership Act [HB-1065]
[Finance ]
[Real Estate ]
[Small Business ]
[Law Enforcement ]
[Property Tax ]
[Economic Development ]
Establishing a framework for a court to oversee the management and disposition of commercial property subject to receivership; providing standards and guidelines for the appointment, authority, and termination of a receiver over receivership property; establishing duties that may be required of a receiver; establishing a procedure for the transfer of receivership property; repealing certain provisions of law regarding an assignee for the benefit of creditors; etc.
Sponsored by: Rep. Ned Carey
Approved By The Governor - Chapter 284 on 04/30/2019
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Gettr
Alabama Regular Session 2019
Mortgages, fee increase for recording of mortgages, deeds of trust, distribution of proceeds to Alabama Housing Trust Fund, Sec. 40-22-2 am'd. [SB-189]
[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: Sen. Linda Coleman-Madison
Read For The First Time And Referred To The Senate Committee On Governmental Affairs on 04/02/2019
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Alabama Regular Session 2019
Future Advance mortgages, provide that future indebtedness secures when mortgage created, Sec. 35-10-120 to 35-10-124, inclusive, added. [SB-127]
[Real Estate ]
Future Advance mortgages, provide that future indebtedness secures when mortgage created, Sec. 35-10-120 to 35-10-124, inclusive, added.
Sponsored by: Sen. Shay Shelnutt
Read For The Second Time And Placed On The Calendar With 1 Substitute And on 04/03/2019
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Maryland 2016 Regular Session
✔
Commissioner of Financial Regulation - Consolidation of Nondepository Special Funds [SB-88]
[Finance ]
[Budget and Spending ]
[Consumer Protection ]
Consolidating the Mortgage Lender-Originator Fund, the Money Transmission Fund, and the Debt Management Services Fund into a single fund known as the Nondepository Special Fund; providing the purpose of the Nondepository Special Fund is to cover the direct and indirect costs of fulfilling the statutory and regulatory duties of the Commissioner under specified circumstances; requiring specified revenues, fees, and examination assessments to be credited to the Nondepository Special Fund to be used for a specified purpose; etc.
Sponsored by: Sen. Finance
Approved By The Governor - Chapter 341 on 05/10/2016
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Maryland 2016 Regular Session
✔
Mortgage Loan Originators - State Criminal History Records Check Requirement - Repeal [SB-87]
[Finance ]
[Housing ]
[Crime ]
[Law Enforcement ]
[Criminal Justice ]
Repealing a requirement that, in connection with an initial application for a mortgage loan originator license, and at any other time the Commissioner of Financial Regulation requests, an applicant or a licensee provide fingerprints for use by the Criminal Justice Information System Central Repository of the Department of Public Safety and Correctional Services for use in conducting a State criminal history records check; repealing specified related provisions of law; etc.
Sponsored by: Sen. Finance
Approved By The Governor - Chapter 340 on 05/10/2016
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Maryland 2016 Regular Session
Commercial Law - Reverse Mortgages - Escrow Accounts [SB-855]
[Finance ]
[Real Estate ]
[Insurance ]
[Housing ]
[Property Tax ]
[Consumer Protection ]
Requiring a reverse mortgage lender to establish an escrow account for the payment of property taxes and insurance; requiring the escrow account to be established in accordance with specified provisions of law; requiring the escrow account to allow for monthly collection and deposit of funds; and applying the Act prospectively.
Sponsored by: Sen. Delores G Kelley
Hearing 3/08 At 1:00 P.m. on 03/08/2016
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Maryland 2016 Regular Session
Housing and Community Development - Community Development Program Act [SB-836]
[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: Sen. William C. Ferguson
Hearing 3/09 At 1:00 P.m. on 03/09/2016
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Maryland 2016 Regular Session
Real Property - Condominiums and Homeowners Associations - Resales - Disclosures and Fees [SB-816]
[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: Sen. Charles Anthony Muse
Third Reading Passed (45-0) on 04/09/2016
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Maryland 2016 Regular Session
Baltimore Regional Neighborhood Initiative Program - Codified [SB-558]
[Community Development ]
[Economic Development ]
[Housing ]
[Small Business ]
[Budget and Spending ]
[Funding ]
[Grants ]
Establishing the Baltimore Regional Neighborhood Initiative Program to provide investment in local housing and businesses focusing on areas where modest investment will have an appreciable impact; establishing the types of community enhancement projects eligible to receive Program funds; providing that community enhancement projects may be located in more than one political subdivision; requiring the Governor to include a $12,000,000 appropriation to the Fund in the annual budget bill for fiscal years 2018 through 2022; etc.
Sponsored by: Sen. Joan Carter Conway
Unfavorable Report By Appropriations on 04/11/2016
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Maryland 2016 Regular Session
✔
Housing and Community Development - Community Development Administration - Student and Residential Mortgage Loans [SB-381]
[Housing ]
[Community Development ]
[Student Loans ]
[Real Estate ]
[Finance ]
[Economic Development ]
Authorizing the Community Development Administration in the Department of Housing and Community Development to make, participate in making, and undertake a commitment for financial assistance to a homeowner for purchasing a homeowner's primary residence and making payments on the homeowner's student debt under specified circumstances; requiring the Secretary of Housing and Community Development to determine the terms and qualifications of specified financial assistance to homeowners; etc.
Sponsored by: Sen. James C. Rosapepe
Approved By The Governor - Chapter 146 on 04/26/2016
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Maryland 2016 Regular Session
Residential Property - Foreclosure Sale - Recordation of Instrument of Writing [SB-330]
[Real Estate ]
[Housing ]
[Taxes ]
[Consumer Protection ]
Requiring a secured party to record an instrument of writing transferring residential property by the later of 30 days after the entry of a court order ratifying a foreclosure sale of the residential property or 30 days after the entry of a court order resolving a specified motion; providing that no transfer tax may be assessed on a secured party that records an instrument of writing transferring residential property within 20 days after the entry of the court order ratifying the foreclosure sale of the property; etc.
Sponsored by: Sen. Joan Carter Conway
Unfavorable Report By Judicial Proceedings on 03/03/2016
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Maryland 2016 Regular Session
Criminal Procedure - Expungement [SB-328]
[Crime ]
[Criminal Justice ]
[Public Safety ]
Authorizing a person to file a petition for expungement of specified misdemeanor convictions; requiring a person to file a petition for expungement in a specified court; providing that a petition for expungement of specified misdemeanor convictions may not be filed earlier than 10 years after the person satisfied the specified sentence or sentences imposed for all convictions for which expungement is requested; requiring the court to provided written notice of the petition to all victims listed in the case; etc.
Sponsored by: Sen. Joan Carter Conway
Third Reading Passed (46-0) on 04/05/2016
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Maryland 2016 Regular Session
Discrimination in Housing - Military Status [SB-24]
[Housing ]
[Veterans ]
[Real Estate ]
[Military ]
[Human Rights ]
[Consumer Protection ]
Establishing that it is the policy of the State to provide for fair housing to all, regardless of military status; prohibiting specified discriminatory acts relating to the sale or rental of a dwelling because of a person's military status; prohibiting a person from discriminating in residential real estate-related transactions because of a person's military status; defining "military status" as an active duty member of the armed forces or a veteran with a specified discharge from the armed forces of the United States; etc.
Sponsored by: Sen. Bryan Warner Simonaire
Unfavorable Report By Judicial Proceedings on 02/01/2016
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Maryland 2016 Regular Session
Home Act of 2016 [HB-759]
[Housing ]
[Poverty ]
[Human Services ]
[Community Development ]
[Real Estate ]
[Consumer Protection ]
[Economic Development ]
Stating it is the intent of the General Assembly to deconcentrate poverty by providing additional opportunities for tenants utilizing public subsidies to live in neighborhoods other than the neighborhoods in which those individuals are currently and disproportionately residing; expanding the housing policy of the State regarding the provision of fair housing to include providing for fair housing regardless of source of income; prohibiting specified discriminatory acts based on a person's source of income; etc.
Sponsored by: Rep. Maggie L. McIntosh
Hearing 2/23 At 1:00 P.m. on 02/23/2016
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Maryland 2016 Regular Session
✔
Baltimore Regional Neighborhood Initiative Program - Codified [HB-684]
[Community Development ]
[Housing ]
[Small Business ]
[Economic Development ]
[Budget and Spending ]
[Funding ]
[Grants ]
Establishing the Baltimore Regional Neighborhood Initiative Program to provide investment in local housing and businesses focusing on areas where modest investment will have an appreciable impact; providing that community enhancement projects may be located in more than one political subdivision; requiring the Department of Housing and Community Development to issue a request for community enhancement project proposals; requiring the Governor to include a $12,000,000 appropriation to the fund for fiscal years 2018 through 2022; etc.
Sponsored by: Sen. Nathaniel T Oaks
Enacted Under Article Ii, Section 17(b) Of The Maryland Constitution - Chapter 29 on 04/08/2016
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Maryland 2016 Regular Session
Foreclosures - Responsibility for Maintenance of Residential Property and Registration Requirement [HB-664]
[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; etc.
Sponsored by: Rep. Carol L. Krimm
Referred To Interim Study By Environment And Transportation on 03/14/2016
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Maryland 2016 Regular Session
Foreclosure - Responsibility for Maintenance of Residential Property and Registration Requirement [HB-524]
[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. Neil C Parrott
Unfavorable Report By Environment And Transportation; Withdrawn on 02/22/2016
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Maryland 2016 Regular Session
Residential Property - Foreclosure Sale - Recordation of Instrument of Writing [HB-508]
[Real Estate ]
[Housing ]
[Finance ]
[Property Tax ]
Requiring a secured party to record an instrument of writing transferring residential property by the later of 30 days after the entry of a court order ratifying a foreclosure sale of the residential property or 30 days after the entry of a court order resolving a specified motion; providing that no transfer tax may be assessed on a secured party that records an instrument of writing transferring residential property within 20 days after the entry of the court order ratifying the foreclosure sale of the property; etc.
Sponsored by: Rep. Stephen W Lafferty
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 Administration - Student and Residential Mortgage Loans [HB-460]
[Housing ]
[Community Development ]
[Student Loans ]
[Real Estate ]
[Finance ]
[Economic Development ]
Authorizing the Community Development Administration in the Department of Housing and Community Development to make, participate in making, and undertake a commitment for financial assistance to a homeowner for purchasing a homeowner's primary residence and making payments on the homeowner's student loan debt under specified circumstances; requiring the Secretary of Housing and Community Development to determine the terms and qualifications of specified financial assistance to homeowners; etc.
Sponsored by: Rep. Anne Healey
Vetoed By The Governor (duplicative) on 05/27/2016
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Maryland 2016 Regular Session
Washington Suburban Sanitary Commission - Polybutylene Connection Pipe Replacement Loan Program PG/MC 115-16 [HB-1552]
[Housing ]
[Consumer Protection ]
[Water ]
[Funding ]
[Public Safety ]
Requiring the Washington Suburban Sanitary Commission to establish a Polybutylene Connection Pipe Replacement Loan Program to provide loans to residential customers to finance the replacement of malfunctioning polybutylene pipes on customer property located in the Commission's service territory that connect from service connections to customer residences; requiring the Program to provide for loan terms and conditions, including an interest rate that may not exceed the prime rate applicable on the day the loan is made; etc.
Sponsored by: Rep. Montgomery County Delegation
Favorable With Amendments Report By Finance on 04/09/2016