MD HB720 | 2022 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 18-0)
Status: Introduced on February 3 2022 - 25% progression, died in committee
Action: 2022-02-04 - Hearing 2/22 at 1:00 p.m.
Pending: House Environment and Transportation Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Requiring a real estate broker or an escrow agent, if a purchaser terminates a certain transaction under certain circumstances, to distribute trust money to the purchaser within 30 days after a certain written notice of the termination is sent; requiring a holder of trust money who makes a certain distribution to notify the seller and purchaser of the distribution within a certain period of time; establishing that a holder of trust money may not be held liable for a certain decision to distribute the trust money; etc.

Tracking Information

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Title

Real Estate - Real Estate Brokerage Services and Termination of Residential Real Estate Contracts (The Anthony Moorman Act)

Sponsors


History

DateChamberAction
2022-02-04HouseHearing 2/22 at 1:00 p.m.
2022-02-03HouseFirst Reading Environment and Transportation

Same As/Similar To

SB424 (Crossfiled) 2022-02-03 - Hearing 2/22 at 1:00 p.m.

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
Business Occupations and Professions17101(n/a)See Bill Text
Business Occupations and Professions17501(n/a)See Bill Text
Business Occupations and Professions17505(n/a)See Bill Text
Real Property10802(n/a)See Bill Text
Real Property10803(n/a)See Bill Text

Maryland State Sources


Bill Comments

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