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Legislation


1999 Regular Session

HOUSE BILL 620

CHAPTER NUMBER: 258 File Code: Real Property
Sponsored By:
Delegates Bozman, Conway, and McClenahan
Entitled:
Time-Shares - Sale of Foreclosed Time-Shares by Associations

Synopsis:

Altering the definition of developer under the Maryland Real Estate Time-Sharing Act to specifically exclude an association that resells time-shares acquired by the association through foreclosure of a lien for nonpayment of specified assessments and charges or by deed in lieu of foreclosure from time-share owners who are delinquent in payment of specified assessments and charges; and requiring associations reselling time-shares to provide purchasers with a certificate disclosing specified information.

History by Legislative Date

House Action
2/11
First Reading Economic Matters
Hearing 2/24 at 1:00 p.m.
3/9
Favorable Report by Economic Matters
3/10
Favorable Report Adopted
Second Reading Passed
3/16
Third Reading Passed (137-0)
4/4
Return Passed
4/27
Signed by the Governor Chapter 258
Senate Action
3/17
First Reading Judicial Proceedings
3/18
Hearing 3/25 at 1:00 p.m.
4/5
Favorable Report by Judicial Proceedings
Favorable Report Adopted
Second Reading Passed
4/6
Third Reading Passed (46-0)
Sponsored by:
Delegate K. Bennett Bozman, District 38
Delegate Norman H. Conway, District 38
Delegate Charles A. McClenahan, District 38
Bill indexed under the following Subjects:
ASSOCIATIONS -see also- COOPERATIVE ASSOCIATIONS
CONSUMER PROTECTION -see also- ADVTG.; LABELING; WARRANTIES.
DISCLOSURE
FORECLOSURE
TIMESHARING
Bill affects the following Statutes:
Real Property
( 11A-101 , 11A-101 , 11A-115 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)

Amendments: None offered
Roll Call Votes (Legislative dates are shown):
House
March 16, 1999: Third Reading Passed (137-0)
Senate
April 6, 1999: Third Reading Passed (46-0)
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