MD SB724 | 2021 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 5 2021 - 25% progression
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.

Tracking Information

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Title

Mortgage Servicers - Requirements and Prohibitions During and After a State of Emergency and Catastrophic Health Emergency (Foreclosure Relief Act of 2021)

Sponsors


History

DateChamberAction
2021-02-09SenateHearing 3/02 at 1:00 p.m.
2021-02-05SenateFirst Reading Judicial Proceedings

Same As/Similar To

HB1009 (Crossfiled) 2021-04-10 - Unfavorable Report by Economic Matters

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
Real Property7105(n/a)See Bill Text
Real Property7601(n/a)See Bill Text
Real Property7602(n/a)See Bill Text
Real Property7603(n/a)See Bill Text
Real Property7604(n/a)See Bill Text
Real Property7605(n/a)See Bill Text
Real Property7606(n/a)See Bill Text
Real Property7607(n/a)See Bill Text
Real Property7608(n/a)See Bill Text
Real Property7609(n/a)See Bill Text
Real Property7610(n/a)See Bill Text
Real Property7611(n/a)See Bill Text

Maryland State Sources


Bill Comments 750

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