MD HB1437 | 2017 | Regular Session
Status
Spectrum: Strong Partisan Bill (Democrat 23-2)
Status: Introduced on February 10 2017 - 25% progression, died in chamber
Action: 2017-03-15 - Unfavorable Report by Environment and Transportation
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 10 2017 - 25% progression, died in chamber
Action: 2017-03-15 - Unfavorable Report by Environment and Transportation
Text: Latest bill text (Introduced) [PDF]
Summary
Requiring, with regard to a residential property in a common ownership community that is in foreclosure and vacant, the secured party that files the action to foreclose on the residential property to pay specified regular assessments for common expenses starting 30 days after the action to foreclose is filed and until the property title is recorded by the new owner after the foreclosure sale; and making a secured party that fails to pay regular assessments under the Act subject to a fine of $500 per month of nonpayment.
Title
Foreclosed and Vacant Residential Property - Common Ownership Communities - Payment of Regular Assessments
Sponsors
History
Date | Chamber | Action |
---|---|---|
2017-03-15 | House | Unfavorable Report by Environment and Transportation |
2017-03-07 | House | Hearing 3/07 at 1:00 p.m. |
2017-02-10 | House | First Reading Environment and Transportation |