CHAPTER NUMBER: 492
File Code: Real Property
Crossfiled with: SENATE BILL 476
- Sponsored By:
-
Delegates Benson and Conroy
- Entitled:
-
Real Property - Recordation - Releases of Mortgages and Deeds of
Trust
Requiring the holder of a mortgage or deed of trust secured by a
borrower's principal dwelling to release the mortgage or deed of trust
within a reasonable time after the loan is paid in full; requiring the
holder or a responsible person to record the release or furnish the
borrower with the release in a recordable form and a notice disclosing
where it should be recorded; authorizing the holder to collect a fee
for recording the release; etc.
House Action
- 2/7
- First Reading Economic Matters
- 2/14
- Hearing 3/1 at 1:00 p.m.
- 3/20
- Favorable with Amendments Report by Economic Matters
- 3/17
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 3/18
- Third Reading Passed (134-1)
- 4/3
- House Concur - Senate Amendments
- Third Reading Passed (138-0)
- Passed Enrolled
- 5/15
- Signed by the Governor Chapter 492
Senate Action
- 3/22
- First Reading Judicial Proceedings
- 4/5
- Favorable with Amendments Report by Judicial Proceedings
- 4/2
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 4/3
- Third Reading Passed with Amendments (47-0)
- Sponsored by:
- Delegate Joanne C. Benson, District 24
- Delegate Mary A. Conroy, District 23
- Bill indexed under the following Subjects:
- DISCLOSURE
- FEES -see also- DEVELOPMENT FEES AND TAXES
- MORTGAGES
- NOTICES
- RECORDATION
- Bill affects the following Statutes:
- Commercial Law
- (
12-924 ,
12-1024
)
- Real Property
- (
3-105.1
)
- Bill Text:
First Reading (PDF),
Third Reading (PDF), Enrolled (PDF)
- Fiscal Note:
Available (PDF)
- Amendments:
- House
- Number: 153090/1 (PDF) Offered on: March 20, 2001 at:
10:44 a.m. Status: Adopted
- Senate
- Number: 428778/1 (PDF) Offered on: April 5, 2001 at:
8:38 p.m. Status: Adopted
- Roll Call Votes (Legislative dates are shown):
- House
- March 18, 2001: Third Reading Passed (134-1)
- April 3, 2001: Third Reading Passed (138-0)
- Senate
- April 3, 2001: Third Reading Passed (47-0)