MD SB724 | 2021 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 5 2021 - 25% progression, died in committee
Action: 2021-02-09 - Hearing 3/02 at 1:00 p.m.
Pending: Senate Judicial Proceedings Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 5 2021 - 25% progression, died in committee
Action: 2021-02-09 - Hearing 3/02 at 1:00 p.m.
Pending: Senate Judicial Proceedings Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Prohibiting a certain mortgage servicer from commencing or completing an action to foreclose a mortgage or deed of trust during a state of emergency and catastrophic health emergency; requiring a servicer to grant a forbearance to a borrower under certain circumstances; prohibiting a period of forbearance from lasting more than 180 days except under certain circumstances; requiring a servicer to notify a borrower of a certain right to mediation under certain circumstances; etc.
Title
Mortgage Servicers - Requirements and Prohibitions During and After a State of Emergency and Catastrophic Health Emergency (Foreclosure Relief Act of 2021)
Sponsors
| Sen. Jill Carter [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2021-02-09 | Senate | Hearing 3/02 at 1:00 p.m. |
| 2021-02-05 | Senate | First Reading Judicial Proceedings |
Same As/Similar To
HB1009 (Crossfiled) 2021-04-10 - Unfavorable Report by Economic Matters
Subjects
Agents and Brokers
Consumer Protection
COVID-19
Deeds
Disclosure
Emergencies
Ethics
Federal Aid
Federal Government
Foreclosure
Health
Language
Mediation
Mortgages
Notices
Penalties and Sentences
Real Property
Safety
Time
Consumer Protection
COVID-19
Deeds
Disclosure
Emergencies
Ethics
Federal Aid
Federal Government
Foreclosure
Health
Language
Mediation
Mortgages
Notices
Penalties and Sentences
Real Property
Safety
Time
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Real Property | 7 | 105 | (n/a) | See Bill Text |
| Real Property | 7 | 601 | (n/a) | See Bill Text |
| Real Property | 7 | 602 | (n/a) | See Bill Text |
| Real Property | 7 | 603 | (n/a) | See Bill Text |
| Real Property | 7 | 604 | (n/a) | See Bill Text |
| Real Property | 7 | 605 | (n/a) | See Bill Text |
| Real Property | 7 | 606 | (n/a) | See Bill Text |
| Real Property | 7 | 607 | (n/a) | See Bill Text |
| Real Property | 7 | 608 | (n/a) | See Bill Text |
| Real Property | 7 | 609 | (n/a) | See Bill Text |
| Real Property | 7 | 610 | (n/a) | See Bill Text |
| Real Property | 7 | 611 | (n/a) | See Bill Text |
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0724?ys=2021RS |
| Text | https://mgaleg.maryland.gov/2021RS/bills/sb/sb0724f.pdf |
