MD SB878 | 2010 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 7-0)
Status: Passed on May 20 2010 - 100% progression
Action: 2010-05-20 - Approved by the Governor
Text: Latest bill text (Chaptered) [PDF]
Spectrum: Partisan Bill (Democrat 7-0)
Status: Passed on May 20 2010 - 100% progression
Action: 2010-05-20 - Approved by the Governor
Text: Latest bill text (Chaptered) [PDF]
Summary
Providing that specified provisions of the Act do not require a lender that offers to make a reverse mortgage loan to offer a reverse mortgage loan with specified payment plans or to a specified borrower; requiring specified lenders and arrangers of financing to conform to the requirements of specified federal laws and guidelines under specified circumstances; providing that specified reverse mortgage loans are not subject to specified federal laws or guidelines; etc.
Title
Reverse Mortgage Homeowners Protection Act
Sponsors
| Sen. John Astle [D] | Sen. James DeGrange [D] | Sen. George Della [D] | Sen. Jennie Forehand [D] |
| Sen. Robert Garagiola [D] | Sen. David Harrington [D] | Sen. Rona Kramer [D] |
Roll Calls
2010-04-04 - Senate - Third Reading Passed (Y: 47 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2010-05-20 | Approved by the Governor | |
| 2010-04-06 | Third Reading Passed (140-0) | |
| 2010-04-05 | Second Reading Passed | |
| 2010-04-05 | Favorable Report Adopted | |
| 2010-04-12 | Favorable Report by Economic Matters | |
| 2010-04-10 | Re-referred Economic Matters | |
| 2010-04-01 | First Reading House Rules and Executive Nominations | |
| 2010-04-08 | Returned Passed | |
| 2010-04-04 | Third Reading Passed (47-0) | |
| 2010-04-03 | Second Reading Passed with Amendments | |
| 2010-04-03 | Favorable with Amendments Report Adopted | |
| 2010-04-07 | Favorable with Amendments Report by Finance | |
| 2010-03-15 | Hearing 3/23 at 1:00 p.m. | |
| 2010-03-15 | Hearing cancelled | |
| 2010-02-25 | Hearing 3/16 at 1:00 p.m. | |
| 2010-02-22 | Hearing cancelled | |
| 2010-02-19 | Hearing 3/2 at 1:00 p.m. | |
| 2010-02-19 | Re-referred Finance | |
| 2010-02-15 | First Reading Senate Rules |
Subjects
Civil Actions
Consumer Protection
Counselors
Crimes and Punishments
Disclosure
Federal Government
Fees
Insurance
Interest
Loans
Long-Term Care
Mortgages
Notices
Penalties and Sentences
Records
Security Interests
Statutes of Limitation
Unfair Trade Practices
Consumer Protection
Counselors
Crimes and Punishments
Disclosure
Federal Government
Fees
Insurance
Interest
Loans
Long-Term Care
Mortgages
Notices
Penalties and Sentences
Records
Security Interests
Statutes of Limitation
Unfair Trade Practices
