MD SB457 | 2021 | Regular Session


Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 20 2021 - 25% progression, died in committee
Action: 2021-01-24 - Hearing 2/16 at 1:00 p.m.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]


Requiring that a borrower of a reverse mortgage loan be at least 60 years old and occupy the dwelling that secures the reserve mortgage loan as a principal residence; requiring a certain lender or an arranger of financing to provide a prospective borrower certain documents at certain times; requiring a certain lender to provide to the borrower a certain statement by January 31 each year and a certain disclosure at certain times; etc.

Tracking Information

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Commercial Law – Credit Regulation – Reverse Mortgage Loans Act – Revisions



2021-01-24SenateHearing 2/16 at 1:00 p.m.
2021-01-20SenateFirst Reading Finance

Same As/Similar To

HB1196 (Crossfiled) 2021-04-10 - Withdrawn by Sponsor


Code Citations

ChapterArticleSectionCitation TypeStatute Text
Commercial Law121201(n/a)See Bill Text
Commercial Law121202(n/a)See Bill Text
Commercial Law121203(n/a)See Bill Text
Commercial Law121204(n/a)See Bill Text
Commercial Law121205(n/a)See Bill Text
Commercial Law121206(n/a)See Bill Text
Commercial Law121207(n/a)See Bill Text
Commercial Law121208(n/a)See Bill Text
Commercial Law121209(n/a)See Bill Text
Commercial Law121210(n/a)See Bill Text
Commercial Law121211(n/a)See Bill Text
Commercial Law121212(n/a)See Bill Text
Commercial Law121213(n/a)See Bill Text
Commercial Law121214(n/a)See Bill Text
Commercial Law121215(n/a)See Bill Text
Commercial Law121216(n/a)See Bill Text
Commercial Law121217(n/a)See Bill Text

Maryland State Sources

Bill Comments