MD HB837 | 2023 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 9 2023 - 25% progression, died in chamber
Action: 2023-04-10 - Unfavorable Report by Environment and Transportation
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 9 2023 - 25% progression, died in chamber
Action: 2023-04-10 - Unfavorable Report by Environment and Transportation
Text: Latest bill text (Introduced) [PDF]
Summary
Requiring a purchaser of residential property in a condominium or homeowners association at a foreclosure sale to immediately record an instrument transferring the residential property and requiring the purchaser to immediately begin payment of regular assessments until the title to the residential property is recorded by a new owner; and authorizing the governing body of a condominium or homeowners association to charge the purchaser a fine of up to $500 per month if the regular assessments are not paid.
Title
Condominiums and Homeowners Associations - Residential Property Foreclosure Sales - Purchaser Requirements
Sponsors
History
Date | Chamber | Action |
---|---|---|
2023-04-10 | House | Unfavorable Report by Environment and Transportation |
2023-02-10 | House | Hearing 2/28 at 1:00 p.m. |
2023-02-09 | House | First Reading Environment and Transportation |
Subjects
Assessments
Condominiums
Foreclosure
Homeowners Associations
Real Estate
Real Property
Records
Residential Property
Condominiums
Foreclosure
Homeowners Associations
Real Estate
Real Property
Records
Residential Property
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
Real Property | 7 | 105.16 | (n/a) | See Bill Text |
Real Property | 7 | 105.19 | (n/a) | See Bill Text |