MD SB664 | 2024 | Regular Session

Note: Carry Over of previous HB425

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 29 2024 - 25% progression
Action: 2024-02-12 - Hearing 2/16 at 10:00 a.m.
Pending: Senate Judicial Proceedings Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Requiring the vendor to provide a purchaser under a land installment contract with the results of a title search for the property at or before the time the purchaser signs the contract; requiring the inclusion of certain notice, terms, and recitals in a land installment contract formed in the State; altering, from 40% to 20%, the percentage of the original cash price of a land installment contract that the purchaser must pay before the purchaser may demand a grant of the deed to the property to the purchaser; etc.

Tracking Information

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Title

Real Property - Land Installment Contracts - Requirements and Vendor Duties and Limitations

Sponsors


History

DateChamberAction
2024-02-12SenateHearing 2/16 at 10:00 a.m.
2024-02-12SenateHearing canceled
2024-01-31SenateHearing 2/16 at 1:00 p.m.
2024-01-29SenateFirst Reading Judicial Proceedings

Same As/Similar To

HB480 (Crossfiled) 2024-02-26 - Referred Judicial Proceedings
HB425 (Carry Over) 2023-03-16 - Hearing 3/23 at 1:00 p.m.

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
Real Property10101(n/a)See Bill Text
Real Property10102(n/a)See Bill Text
Real Property10103(n/a)See Bill Text
Real Property10105(n/a)See Bill Text
Real Property10107(n/a)See Bill Text

Maryland State Sources


Bill Comments

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