MD HB124 | 2025 | Regular Session

Note: Carry Over of previous HB1408

Status

Completed Legislative Action
Sponsorship: Partisan Bill (Democrat 2)
Status: Passed on May 13 2025 - 100% progression
Action: 2025-05-13 - Approved by the Governor - Chapter 508
Text: Latest bill text (Chaptered) [PDF]

Summary

Authorizing a seller or assignee of certain residential property to rescind a contract of sale without penalty at any time before closing if a certain seller does not provide a certain notice; establishing that an assignee is entitled to a refund of any deposit paid in connection with the assignment of a contract of sale of the residential property under certain circumstances; requiring that a contract of sale comply with the requirements of the Act; and applying the Act prospectively.

Tracking Information

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Title

Residential Property - Assignment of Contracts of Sale - Disclosure Requirements and Rescission

Sponsors


Roll Calls

2025-04-02 - Senate - Third Reading Passed (Y: 46 N: 0 NV: 1 Abs: 0) [PASS]
2025-02-13 - House - Third Reading Passed (Y: 137 N: 0 NV: 0 Abs: 2) [PASS]

History

DateChamberAction
2025-05-13HouseApproved by the Governor - Chapter 508
2025-04-02HouseReturned Passed
2025-04-02SenateThird Reading Passed (46-0)
2025-03-26SenateSecond Reading Passed
2025-03-26SenateFavorable Adopted
2025-03-26SenateFavorable Report by Judicial Proceedings
2025-02-14SenateReferred Judicial Proceedings
2025-02-13HouseThird Reading Passed (137-0)
2025-02-11HouseSecond Reading Passed with Amendments
2025-02-11HouseFavorable with Amendments {943729/1 Adopted
2025-02-10HouseFavorable with Amendments Report by Environment and Transportation
2025-01-13HouseHearing 1/28 at 2:00 p.m.
2025-01-13HouseHearing canceled
2025-01-08HouseHearing 1/28 at 1:00 p.m.
2025-01-08HouseFirst Reading Environment and Transportation
2024-07-20HousePre-filed

Same As/Similar To

SB160 (Crossfiled) 2025-05-13 - Approved by the Governor - Chapter 509
HB1408 (Carry Over) 2024-03-20 - Hearing 3/27 at 1:00 p.m.

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
Real Property10715(n/a)See Bill Text
Real Property14117(n/a)See Bill Text

Maryland State Sources


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