MD SB457 | 2021 | Regular Session

Status

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

Summary

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

Register now for our free OneVote public service or GAITS Pro trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

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

Sponsors


History

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

Same As/Similar To

HB1196 (Crossfiled) 2021-02-09 - Hearing 3/03 at 1:30 p.m.

Subjects


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

feedback