MD HB425 | 2023 | Regular Session

Note: Carry Foward to future HB480
Note: Carry Foward to future SB664
Note: Carry Over of previous HB1108

Status

Spectrum: Partisan Bill (Democrat 9-0)
Status: Engrossed on March 9 2023 - 50% progression, died in committee
Action: 2023-03-16 - Hearing 3/23 at 1:00 p.m.
Pending: Senate Judicial Proceedings Committee
Text: Latest bill text (Engrossed) [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


Roll Calls

2023-03-09 - House - Third Reading Passed (Y: 137 N: 0 NV: 1 Abs: 2) [PASS]

History

DateChamberAction
2023-03-16SenateHearing 3/23 at 1:00 p.m.
2023-03-10SenateReferred Judicial Proceedings
2023-03-09HouseThird Reading Passed (137-0)
2023-03-07HouseSecond Reading Passed with Amendments
2023-03-07HouseFavorable with Amendments {113127/1 Adopted
2023-03-06HouseFavorable with Amendments Report by Environment and Transportation
2023-02-01HouseHearing 2/21 at 1:00 p.m.
2023-01-30HouseFirst Reading Environment and Transportation

Same As/Similar To

HB425 (Carry Over) 2023-03-16 - Hearing 3/23 at 1:00 p.m.
HB425 (Carry Over) 2023-03-16 - Hearing 3/23 at 1:00 p.m.
HB1108 (Carry Over) 2022-02-11 - Hearing 3/01 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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