2011 Regular Session

HOUSE BILL 379

CHAPTER NUMBER: 451
File Code: Real Property Crossfiled with: SENATE BILL 334
Sponsored By:
Delegates Niemann, Healey, Glenn, Gilchrist, and Wilson
Entitled:
Real Property - Deposits on New Homes - Escrow Accounts

Synopsis:

Clarifying the circumstances under which a vendor or builder of a new single-family residential unit is required to deposit money in an escrow account or obtain and maintain a surety bond or irrevocable letter of credit; authorizing the vendor or builder to make withdrawals from an escrow account under specified circumstances; providing that a banking institution or national banking association at which an escrow account is maintained is not responsible for a withdrawal from the escrow account under specified circumstances; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
House Action
2/3
First Reading Environmental Matters
2/7
Hearing 2/17 at 1:00 p.m.
2/28

Favorable with Amendments Report by Environmental Matters
3/1
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/3
Third Reading Passed (138-0)
4/4
House Concur - Senate Amendments
Third Reading Passed (138-0)
Passed Enrolled
Senate Action
3/4
First Reading Judicial Proceedings
4/1
Favorable with Amendments Report by Judicial Proceedings
3/30
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/31
Third Reading Passed with Amendments (46-0)
Action after passage in House and Senate
5/19
Approved by the Governor
- Chapter 451

Sponsored by:

Delegate Doyle L. Niemann, District 47
Delegate Jim Gilchrist, District 17
Delegate Cheryl D. Glenn, District 45
Delegate Anne Healey, District 22
Delegate C. T. Wilson, District 28

Bill indexed under the following Subjects:

Banks and Trust Companies
Bonds -see also- County & Baltimore City Bonds; State Bonds.
Construction
Consumer Protection -see also- Unfair Trade Practices
Contractors -see also- Heating & Cooling; Home Improvement
Escrow Accounts
Housing -see also- Apartments; Condominiums; Mobile Homes
Liability -see also- Good Samaritan
Security Deposits

Bill affects the following Statutes:

Real Property
( 10-301 , 10-301.1 , 10-301.1 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note: Available
Amendments:
House
Number: 300910/01     Offered on: March 1, 2011   at: 10:25 a.m.     Status: Adopted
Senate
Number: 598878/01     Offered on: April 1, 2011   at: Noon     Status: Adopted
Committee Votes :
House
Environmental Matters
Senate
Judicial Proceedings
Roll Call Votes (Legislative dates are shown):
House
March 3, 2011: Third Reading Passed (138-0)
April 4, 2011: Third Reading Passed (138-0)
Senate
March 31, 2011: Third Reading Passed (46-0)