Maryland Senate Bill 1101 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 17 2017 - 25% progression, died in chamber
Action: 2017-03-23 - Unfavorable Report by Finance; Withdrawn
Text: Latest bill text (Introduced) [PDF]

Authorizing a borrower under a reverse mortgage loan to designate a person to whom specified notice must be sent by the reverse mortgage lender; requiring a reverse mortgage lender to send a copy of a specified notice to a person designated by the reverse mortgage borrower; requiring a reverse mortgage lender to send a specified notice to a reverse mortgage borrower and a specified person designated by the borrower 30 days after the lender makes a payment for specified property taxes or insurance; etc.

Reverse Mortgages - Property Tax and Insurance Payments - Notice

Sen. Justin Ready [R]

Date	Chamber	Action
2017-03-23	Senate	Unfavorable Report by Finance; Withdrawn
2017-03-20	Senate	Hearing canceled
2017-03-21	Senate	Hearing 3/21 at 1:00 p.m.
2017-02-21	Senate	Rereferred to Finance
2017-02-17	Senate	First Reading Senate Rules

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB1101?ys=2017rs
Text	https://mgaleg.maryland.gov/2017RS/bills/sb/sb1101f.pdf
Supplement	https://mgaleg.maryland.gov/2017RS/fnotes/bil_0001/sb1101.pdf
Supplement	https://mgaleg.maryland.gov/2017RS/votes_comm/sb1101_fin.pdf