MD SB1184 | 2017 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on March 9 2017 - 25% progression, died in chamber
Action: 2017-03-17 - Unfavorable Report by Judicial Proceedings; Withdrawn
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.

Tracking Information

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Title

Foreclosed and Vacant Residential Property - Common Ownership Communities - Payment of Regular Assessments

Sponsors


History

DateChamberAction
2017-03-17SenateUnfavorable Report by Judicial Proceedings; Withdrawn
2017-03-16SenateHearing canceled
2017-03-16SenateHearing 3/16 at 1:00 p.m.
2017-03-09SenateReferred Judicial Proceedings
2017-03-09SenateMotion Rules Suspended Referred (Senator Muse) Adopted
2017-03-09SenateMotion Rules Suspended for late introduction (Senator Muse) Adopted
2017-03-09SenateFirst Reading Judicial Proceedings

Subjects


Maryland State Sources


Bill Comments

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